What do you guys think, is SOXX iShares PHLX Semiconductor ETF a good ETF for a long-term investment?
My take on it is that it certainly is due to its historical performance:
10 year 682% gain
5 year 234% gain
2 year 90% gain
Of course past performance is not a guarantee of future gains.
Morningstar gives it a 5 star rating.
Does this current market correction gives us a good possible buying opportunity to enter the semiconductor market?
Most of the companies it has (if not all), all 30 of them, are very good and profitable companies with great prospects in the future.
My guess is that we'll need semiconductors in almost everything apart from food and drinks in the future.
Is it safe to make a portfolio that is 50% SOXX? It allows for a certain degree of diversification, but as a growth portfolio, do you think its a risk worth taking due to huge potential upside?
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