It was a very good year for technology mutual funds in 2007, despite the stock market's roller coaster ride. The funds returned more than 17 percent on average, according to the research firm, Morningstar, and a few tech funds--hold your hats--actually gained 30 percent or more. The top three individual stocks were Apple, Google and Research in Motion. Apple more than doubled in share price. RIM nearly tripled, and if you were lucky enough to get Google, it rose 50 percent to $691 for a single share. It may have been a one-year bump. It certainly will be tough for these companies to meet these levels again in 2008. But if you are a real risk-taker, it may still be a good year to take a chance on the world of technology that is changing every day.
For more on high-tech stocks:
- See this New York Times article [1]
Links:
[1] http://www.nytimes.com/2008/01/13/business/mutfund/13tech.html