IHAK ETF remains a BUY for meAccording to this site Americans 60 and older lost $4.8 billion to cyber-crime in 2024......
That is a lot of money LOST. In the cyberspace, more digital information is stored online be it hard disk or using the cloud space. Hackers or digital criminals skilled in computer skills are able to access to private and confidential information of hospitals, government agencies and banks. There have been many cases being exposed online.
This gives the CEO sleepless nights as such sensitive information like medical records, financial information should be kept confidential. In comes the cyber security companies to help prevent this from happening.
So, in a big picture, all I need to know is more cyber crimes are happening worldwide as internet penetration gets deeper from desktops, laptops to mobile phones and people are almost unable to live without one device or multiple. Call it withdrawal symptom or addiction, the more people use, the more data/information is being stored and the more it needs to be protected.
That is why I like both the IHAK ETF . Since this is a pretty concentrated sector, I would prefer buying the blue chips cybersecurity company than to cherry pick the companies. This way, I have the best of both world and a margin of safety as well.
Of course, buying a broad based ETF , you cant expect the returns to beat the individual company so managing your own expectations is important.
As usual, please DYODD
