As technology continues to advance, storing data on physical drives is slowly starting to become a thing of the past.
The transition to cloud-based storage is already underway and the companies that support this technology are prospering from the attention.
But, YOU can too!
Even if you have zero knowledge or understanding of cloud-computing software, you still have the opportunity to profit from an investment with these companies.
The public cloud market is currently valued at $178 billionand is expected to grow at an annual rate of 22%!
So, why not take a piece of this for yourself? It’s EASY.
I’ve already done the work for you and listed the top performers from this sector of the market so that you can be sure you’re getting the highest return from your investments.
Even with the impressive growth and durability of that these cloud tech businesses have to offer, like always, trading stocks doesn’t always come risk free.
If you’re the type of person who prefers to minimize risk by distributing investments rather than putting all of your eggs in the same basket, then you may want to consider putting your money into an exchange traded fund or ETF for short.
In terms of cloud storage, the First Trust Cloud Computing ETF (SKYY) is a great option to add to your portfolio.
Since its introduction into the market, SKYY shares have risen approximately 200%, with close to 40% of that upward climb within the last year alone!
However, many of the individual stocks aren’t too far off either… Cisco (CSCO), F5 Networks (FFIV), and Microsoft (MSFT) each produced a 40% or more gain in the previous 12 months as well.
That’s more than a $50 increase in share values for both F5 Networks and Microsoft.
Not to mention VMware (VMW), a huge proponent of the current cloud computing revolution, whose shares rose 70%after announcing a partnership with Amazon (AMZN).
Does this really come as a surprise though, considering Amazon’s repeated success in the market?
I think I’ve thrown enough cloud-computing stocks your way to get the point across. As you can see, this tech based sector of the market is very profitable.
But don’t just take my word for it. If you haven’t already, get a horse in the race and see just how easily you can make money once you know where to direct your investments.
Its really amazing