Tech stocks have taken a pummeling this month so far. If you’re a long-term holder of tech stocks and are feeling the pinch, you’re not alone.
Some of the tech stocks that I have a vested interest in have nosedived too.
For some of the companies that I have a stake in, the chart below shows how far off their recent highs their share prices are as of 14 May 2021.
Source: Ycharts
It’s clear that the companies above have experienced sharp falls in their share prices from recent highs. The most prominent is Teladoc, which provides telehealth-consultation services – its share price has fallen by more than 50% from its peak.
But as a long-term investor, I am prepared to hold through these drawdowns. As long as I think that the stock can appreciate meaningfully over the longer term, I would not want to sell.
To me, what’s...