Virtual Reality
Hey BF,
I am 26 years old and have about $6k tied up in CBA and AFIC shares, with the plan of buying another $5k worth and sitting on them for as long as possible (while incrementally buying more). However, I was recently looking into investing in VR (Virtual Reality) as it seems to be the next tech hit, and apparently the time to strike is now before it blows up. So I have two questions: what are your thoughts on investing in VR, and what is the best way for Aussies to buy overseas shares?
Thanks,
Mark
Hi Mark,
What are my thoughts on investing in Virtual Reality? None. I have no thoughts whatsoever.
What I do know is that most of the big tech companies are already ploughing billions of dollars into VR — Alphabet (the company formerly known as Google), Facebook (which recently paid $2 billion for VR company Oculus, which at least has a product on the market), Microsoft, AMD, Samsung and dozens of others.
Who’ll win the race? Again, I have no idea. However, I do have a solution for you. If you invest in a global exchange traded fund (ETF), you’ll get a small stake in all the technology giants in one easy purchase.
Scott
Reminder: I first wrote about this years ago and highlighted the low costs. Today there are better deals on offer. How do I know? Because my readers constantly email me about them! So before you do anything, do a quick google.
