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After hitting a record high of 5,231.91 on July 20, the tech-centric Nasdaq Composite has fallen 8.1% in just over a month.
That's why we turned to Money Morning Defense & Tech Specialist Michael A. Robinson for advice on how to invest in tech stocks now. He's a 30-year veteran of the tech market and has seen countless stock market corrections.
Even after significant rebounds today (Thursday) and yesterday, the Nasdaq Composite is still only up 1.1% in 2015. As of July 20, the Nasdaq had posted a year-to-date gain of 10.2%.
Seeing those gains erased so quickly has left many investors panicked…
"The extreme volatility we've seen on the tech-heavy Nasdaq Composite isn't easy to watch, for anyone, but the last thing anyone should be doing right now is giving in to emotion, joining the panicked herd, and dumping perfectly strong stocks with huge upside," Robinson said.
The first thing Robinson recommends is lowering your exposure.
"This doesn't have to be complicated," he said. "Simply halve the money you'd normally invest and keep the rest as 'dry powder,' so you'll have cold, hard cash on hand when the market sorts itself out – as it always does."
But you shouldn't just worry about protecting your money. We're in this to grow our wealth as well. That's why Robinson recommends this investing technique that will not only protect you from a stock market correction, but will also let you take advantage of huge profit opportunities…