The US technology companies such as Apple, Alphabet, Amazon, Facebook and Microsoft have become giants and have products and services that permeated throughout our lives.

We all agree that they play crucial roles in today’s society and the stock market reflected their importance – tech is the largest sector in S&P 500 currently. Any portfolio without the tech giants would have underperformed the US markets significantly – such as ours. (we fundamentally refuse to purchase expensive stocks. remember the price you pay dictates the returns you achieve.)

There’s definitely a FOMO feeling as well as the urge to get into them now. A fund manager, Vitaliy Katsenelson observed it too,

“I cannot really talk about “growth” without mentioning the FANGs (Facebook, Amazon, Netflix, Google). These companies are responsible for a very large part of the outperformance of growth. They are all terrific, well-run companies, and their products and services