2 International Tech Stocks to Buy Right Now
Many smart investors choose to diversify their portfolios as a way of reducing risk. Part of this strategy can involve adding a few international stocks to your portfolio. The markets and economies of different countries are affected by various factors, from politics to weather, and diversifying across geographies can help blunt the impact of an economic downturn in any single country.
With that in mind, Canadian-based Shopify (NYSE: SHOP) and Argentina-based MercadoLibre (NASDAQ: MELI) look like solid long-term investments. Here's what investors should know about these two international tech stocks.
Many great businesses start by solving a critical problem. That's the case with Shopify. The company launched in 2006 after co-founders Tobias Lutke (the current CEO) and Scott Lake found it surprisingly difficult to build an online store for their snowboard business. Seeing an opportunity, they shifted from snowboards to software, and Shopify was born.
Source Fool.com
