It’s amazing how tech- and Internet-dependent we’ve become. I remember when cell phones were actually used to make phone calls and sending someone a birthday card required a stamp. And I’m not that old!
For the record, I love the wonderful things my cell phone can do—I can deposit checks without going to the bank, order a ride that will appear in minutes, and am shamed if I slack off on my running schedule.
But from an investing standpoint, I am old school. I like mature technology companies—think large established brands like Intel, IBM and Oracle. These companies can use healthy cash balances to unlock shareholder value, are more likely to fare well if the Fed starts raising rates as expected this year and stand to benefit from continued improvement in the U.S. economy.
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First Trust Nasdaq Technology Dividend Index Fund (TDIV) is a component of the D2 Capital Management Multi-Asset Income Portfolio. Current yield on the portfolio is 5.52% (as of 12 January 2015).Disclosure: I own the D2 Capital Management Multi-Asset Income Portfolio
The views expressed here are that of myself or the cited individual or firm and do not constitute a recommendation, solicitation, or offer by myself, D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.
The Jacksonville Business Journal has ranked D2 Capital Management in the top 25 of Certified Financial Planners in Jacksonville. The Firm is also a member of the Financial Planning Association of Northeast Florida, the Jacksonville Chamber of Commerce, the Southside Businessmen's Club, and the Beaches Business Association.
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