FYI: (The Linkster increased his position in the Q's yesterday.)
The past week’s 3.8% decline in the Nasdaq Composite Index hasn’t shaken the faith of many investors in technology shares.
When clients call Steven Dudash and ask the Chicago-based financial adviser to sell shares of Amazon.com Inc. AMZN -7.82% and Netflix Inc., he responds this way: “No. I’m going to buy you more.”
Mr. Dudash, whose IHT Wealth Management manages $3 billion, said he has instead been buying up more consumer tech shares and selling some of clients’ bonds and real-estate stocks, which he views as having poor prospects as interest rates rise. Those decisions feel scary and potentially painful now but will pay off when the current scare has passed, he assures them.
Regards,
Ted
https://www.wsj.com/articles/tech-investors-anxiously-stand-behind-their-favorites-1540568689
