Management has turned this seemingly sleepy business into one that generates high margins, throws off
lots of free cash flow for dividends and buybacks, and provides returns on equity in excess of 20 %.
Tech is probably the best sector to invest in
for a variety
of reasons but the main one is that a
lot of these larger companies just generate insane amounts
of free cash flow.
When you factor in childcare (a big one), paying
for all
of the mileage and gas on two cars, buying
lots of expensive clothes
for work, paying extra taxes (remember there are no taxes on saving, only income), and buying ready - to - eat and restaurant meals because your both too busy and tired to cook, many people find that you have more
free cash flow with one working spouse and one spouse taking care
of the children and household than two income families.