Due to the Corona Virus also known as Covid-19 America’s economy took a hit last month. The latest report states over 20 million Americans have lost their jobs. Baby Boomers are living in fear as they are seeing their 401k plans losing years and years worth of gains. Millennials are seeking opportunities out of this madness or are avoiding the stock market entirely. I myself can admit I have invested thousands of dollars in the last few months, I see this as a great opportunity for millennials. If you are buying, this article is for you! People are looking for advice and no one can really predict the future. These companies are affordable and that’s why I picked them in this write-up. I am providing you with a short overview of three technology stocks to invest in and hold for 5-10 years minimum ( I would suggest even longer).
Zoom Video Communications (ZM)
Zoom is a cloud-based communication platform that provides video conferencing. Zoom focuses on improved user experiences for meetings, voice and chat, and file sharing. Many business have jumped over to using this and individuals. Zoom is the platform I use for my Masterminds. Family and friends are even using Zoom to contact each other during the quarantine. Zoom is already up 15% in the last weeks and today is listed at $163.00 per share. Just a couple of months ago I was able to buy zoom at $71.00 per share. I would jump on this opportunity ASAP.
Slack Technologies (WORK)
Slack is a workplace collaboration platform that includes messaging, voice, video, and file sharing. I believe this platform will continue to grow due to the new working situations and overall. This pandemic could very possibly change America’s working from the home and office situation forever. You can currently get this stock for $26.00 a share, and this is a great long term hold.
Activation Blizzard (ATVI)
Yes, this is a real company name! The fact that Activation Blizzard is a publisher for major video games such as Call of Duty, Guitar Hero, Tony Hawk, and World of Warcraft might help you remember them. This is a video game company, that has seen a record number of sales since March due to the Corona Virus Pandemic. Video game software, hardware, and accessories increased by 35% since March. It’s not going to slow down anytime soon. Right now Activation blizzard is $66.00 per share, but you better hurry before the storm comes. This is a major long term hold, especially with Virtual Reality being on the raise before 2030.
Three stocks that I have purchased shares in, that you can too. If you have any questions about starting a brokerage account, I will write about that at a later time. I would really jump to invest now if you are in your 20s, it can make you extremely rich in years to come due to compounding. Also if you want to choose between Zoom and Slack, go with zoom. Although it’s more expensive, that will be the go-to video platform in the future. Watch.
This is for information purposes as I am not a registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. I am not a licensed investment professional, and we do not give investment advice. Always consult a licensed investment professional when seeking investment advice.
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