Buying a Tech ETF Could Be a Great Idea. But Stay Away From This One.
I'm not a fan of technology investing because I'm a bit of a luddite, preferring to avoid fancy tech as much as possible. I'll take a mechanical watch over a digital one every day of the week, even though I know the digital one is technically better. But when it comes to investing you just can't ignore technology stocks, so you have to figure out a way to own them that is comfortable for you.
A technology-focused exchange-traded fund (ETF) is one very good option, but don't make it the iShares Expanded Tech Sector ETF (NYSEMKT: IGM). Here's why.
When I came across the iShares Expanded Tech Sector ETF, my first thought was, "What does expanded mean?" And because I'm an investing geek I went right down a rabbit hole trying to figure out why this exchange-traded fund was "expanded." The top-level logic is interesting.
Source Fool.com
