Here’s another question we decided to tackle from a reader.
Inflationary pressures are very real and it seems to hit growth stocks/tech stocks particularly hard, will this be a long-lasting risk to the stocks in the All-Star portfolio?
How would a rise in interest rate affect the stocks in All Stars?
I don’t think you can say that inflation has hit tech stocks.
I think you are referring to the share prices. But if you look at the tech stocks, whether it’s FAANG, okay, I mean, let’s just look at FAANG.
I just told you that just now Microsoft (NASDAQ: MSFT) actually grew its revenue by 19%. I think Apple (NASDAQ: AAPL) grew by 54%, Google grew by, I can’t remember the number off the top of my head, but another large double-digit number [Editor’s note: it’s 34% year on year]. And, even Amazon (NASDAQ: AMZN) has actually grown by over 40 percent.
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