malvinspooner

Time to offload the techs?

Short
TSX:XIT   ISHARES SP TSX CAPPED INFO TECH IDX ETF
Less than two months ago, I suggested it was okay to buy TECH ETF's (they'd reached an earlier target I'd published). One I highlighted, the XIT (Canadian) has climbed dramatically and now that it's largest holding, Shopify has a market cap bigger than the Royal Bank of Canada, I figure enough is enough. After all it would take a very long time indeed to earn 50% in bonds at these interest rates. A bird in the hand. The sector is back to where it was before the meltdown...i.e. overvalued.

Comments

It would have been a mistake to sell XIT back in May. It can stay overvalued for a long time. Just keep a tight leash on it.
Reply
20 days later, what was your decision?
Reply