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Tech Is Taking Over Our Lives, And Our 401(k) Accounts

TedTed
in Fund Discussions
FYI: As technology takes over more of people’s daily lives, it’s also taking over ever-bigger chunks of their retirement accounts.

Surging prices for technology stocks around the world mean the industry is making up a larger proportion of global markets. In the United States, Apple, Google’s parent company and other tech companies account for nearly 24 percent of the Standard & Poor’s 500 index. A decade ago, they made up less than 17 percent of S&P 500 index funds. The makeover is even more dramatic overseas, where ascendant companies like China’s Tencent and Alibaba have quickly stormed into the ranks of the world’s largest.
Regards,
Ted
http://www.denverpost.com/2017/12/09/technology-taking-more-from-retirement-accounts/

Comments

  • Edmond
    You could have written that headline 20 years ago...

    That said, tech is -- and will --put severe financial pressures on many industries -- displacing (or buying or replacing) them.

    (Physical-) travel agents? (Mostly - )Long gone.
    Retail? Check.
    Pay/cable TV? -- Amazon prime, Netflix, and (soon-) streaming Disney/Fox content direct.

    Many others too. Glad I will be out of the workforce soon. The "AI job-pocalypse" is coming...
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