The global share market has taken a major tumble with valuations falling in the US and here.
I find it strange that suddenly lots of people are taking rising interest rates and trade wars more seriously than they were days, weeks or months ago when the issues were clear to see.
Are businesses worth 2% or 4% less than they were yesterday? The market says yes, but the underlying businesses haven't changed much during the past 24 hours.
In five years, what happens today will (probably) be long forgotten. It will just be another blip on the steadily-rising prices of businesses that are increasing revenue and profit. Share markets keep going up over time, despite the occasional crash.
It's days and periods like this that offer us much better prices to buy into our best ideas.
Technology businesses are increasingly the ones changing the world these days. It's arguable if some technology has made life better, but it's where the consumer & advertising spending is going. Technology is also taking more of our attention. You may be reading this on an Apple or Android smartphone.
That's why I think brave, long-term investors should be looking at BetaShares NASDAQ 100 ETF (ASX: NDQ) and BetaShares Asia Technology Tigers ETF (ASX: ASIA). These two ETFs provide exposure to the biggest and best technology businesses based in the US and Asia respectively.
Alphabet (Google), Facebook, Amazon, Baidu, Alibaba and Tencent are likely to become increasingly dominant and valuable over time, assuming their respective governments don't try to break them up.
Foolish takeaway
Today may not be the best day to buy the ETFs – they could fall tomorrow, next week and beyond. However, each day of falls gives us even better value to access these great tech businesses, over the next decade they are quite likely to be among the top performers.
