How to Invest in Cloud Stocks
The rise of the cloud has been one of the best investment themes of the last decade. What started out as little more than a buzzword among techies has grown into a massive industry, hauling in hundreds of billions of dollars a year worldwide. A quick look at the First Trust Cloud Computing ETF (NASDAQ: SKYY), which tracks an index focused on the accelerating cloud computing industry, shows that cloud stocks are collectively up 200% since the fund's inception in July 2011.
In spite of their fast rise, though, cloud stocks will likely continue as a prominent driver of investment returns in the next decade, serving as a key ingredient in the "digital transformation" of many organizations as they update operations for the 21st century. This guide will help get you started selecting the best of the many dozens of pure-play cloud companies available to invest in.
Image source: Getty Images.
Source Fool.com
