Investing in Cyber Security? $BUG Oversold Buying Opportunity
Over the last month Cybersecurity has been getting some attention from companies that are planning on investing billions more than they have. Microsoft has stated they will quadruple their investment to 20 billion in 5 years. Why shouldn’t you invest in the sector? I do not think it is wise to pick individual stocks, even though some people are successful at it. I prefer a good ETF or Mutual fund, lately I have repositioned and sold off my Mutual funds to enter two specific sectors that I want to invest over the next ten years or so. One being water you can find HERE the other being cyber security which we are about to look at $BUG as that opportunity.
BUG is a cyber security ETF that has just entered the oversold territory, if you follow me at all you know that is when I add new positions or add to my current ones. From pipeline highjacks in the US to cyber-attacks all over the world, and the latest pledges to increase investments into cyber security I am adding to my position on every pullback into the oversold territory. I plan to do this for years to come as that is the best way to build a long-term position. BUGs top ten holdings are Zscaler Inc, Fortinet Inc, CrowdStrike Holdings, Pala Alto Networks, Okta Inc, Varonis Systems, Rapid7 Inc, CyberArk Software, Check Point software, and Avast PLC all some of the best cybersecurity stocks for your portfolio over the next ten years. $BUG has had a breakout and run up lately but has finally retreated to an oversold position. If you do not own it this makes it a suitable time to start a position or add to a current one if you have one.
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