Rise of the Tech Stock
Over the past few years, many millionaires have been created due to the economical explosion of the stock market. The market isn't just growing, as it did in the mid to late seventies; but it is on steroids, and is growing like never before. Backed by the relentless, yet sometimes spasmodic, growth of the NASDAQ Composite, Wall Street's impact on the future cannot be denied. For as long as the market has been in existence, drastic changes such as these have never taken place. What awesome power could have produced so much money in so little time? What colossal force could have caused the United States' economy to flourish? The answer lies in one, simple, recently coined phrase: the tech stock. The stock market has been around since people traded silver for ownership of cargo 200 years ago, yet many people don't know how it works, or where their money goes when they purchase a stock; they simply think "buy low, sell high." Although this is a good basic investment plan, it is imperative that one knows where his money is headed when he buys a thousand dollars worth of a specific stock. When one purchases a stock, they are actually purchasing part of a company (Brian 1). The reason one
No one knows exactly when the tech stock came about, but it seems like it came all at once. The phrase "tech stock" simply refers to all stocks that deal with any form of technology related, directly or indirectly, to the computer or computer chips. A good portion of the popular tech stocks today deal with the Internet (Brian 4). One reason for this is the easy access by millions of people worldwide. Small companies are able to reach out to the whole globe with just a few bucks, and thus become prosperous over a short amount of time. Just a few of the most popular tech stock corporations include: Microsoft, Apple, TI, Amazon, Yahoo, and Dell. Companies such as Microsoft, Apple and Dell are companies that handle computers directly, and have been around for a long time (NASDAQ 5) TI creates many semiconductors that are found in most all products that have computer chips in them. Amazon and Yahoo are both directly related to the Internet. These companies are popular due to their originality and business management. However, popularity hardly gains profit, so why is it that Yahoo can make so much money on the stock market? Surprisingly and ironically enough, it is precisely popularity that causes its gains. Because of the popularity, people continue to purchase Yahoo's stock. Although the company isn't making direct profit, it certainly makes a lot of money from the stock purchases, so the company actually makes the money off of the stock market (Brian 5). Rare, indeed, to see this at such an extreme. With all of this success must come organization, and thus is the role of the NASDAQ Composite. Tech stocks are still a relatively new thing for the market, and investors haven't yet predicted their fate. However, they are still intensely popular, and as long as they are popular, people will keep buying; and, of course, if people buy them, they will raise in value. Technology is not going away any time soon, there's no doubt about that; the future is now. Computers rule our lifestyle, making everything faster, easier, cheaper, more efficient; and these tech stocks represent our new economy based on this new efficient system. Even though they may not present themselves as strongly as they once did, tech stocks are definitely here to stay. For a long time, the Dow Jones Industrial has represented the stock market as a whole, but times change. One cause of this change is the high interest rates that affect the corporate stocks such as Wal-Mart and ExxonMobil. These stocks reduce in p
Some common words found in the essay are:
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Approximate Word count = 1711
Approximate Pages = 7 (250 words per page double spaced)
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