If you watch cable TV or visit financial websites, you no doubt hear about “overpriced” stocks and funds all the time. A pundit will jump on TV and say something like “Tech is overvalued.” So, by extension, a tech ETF like the Technology Select Sector SPDR Fund (XLK) is overpriced, right? Not so—at least in a technical sense. An ETF like XLK can be overpriced, but ETFs rarely are. A fund like XLK collects money from investors and socks it away in stocks. In XLK’s case, we’re talking about big-name techs like Microsoft (MSFT), NVIDIA (NVDA) and Apple (AAPL) . But with ETFs, the price you pay tends to be close to how much it would cost to buy all of those stocks separately.… Read more