Technology shares have been among the most sought-after investments on the stock market for quite some time now, but they're not all created equal. While some companies rely on a specific product or service for their livelihood, others have their hands in many different industries.
Microsoft (MSFT +0.17%) is a company that falls into the latter category, and that's why it's one of the smartest tech stocks to invest $1,000 in right now.
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Microsoft's business is built to withstand virtually any economic conditions thrown its way. Yes, it matters that Microsoft has millions of customers who use its products and services. But it also matters who many of those customers are: other corporations.
Microsoft's products and services are so ingrained in the business world that they have a natural safety net when the economy is bad, as corporations are less likely to stop paying for certain services and products than consumers. In many cases, their businesses quite literally wouldn't operate without Microsoft products.
NASDAQ: MSFT
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That doesn't make Microsoft's business foolproof, but it does make it an investment you can feel comfortable holding on to for the long haul, regardless of economic conditions. There will be inevitable volatility along the way, but you likely won't regret investing $1,000 in Microsoft today.
