Many people hear the word "technology" in connection with an investment, and think immediately of computers. Fair enough. But the term is really so broad that it's kind of meaningless -- and can even be misleading.
Sure, there are the obvious kinds of technology companies. IBM
Eye of the beholder
But you'll find companies that are heavy users or developers of technology in all kinds of unexpected industries. Think of airlines, pharmaceutical companies, medical device makers, energy exploration companies, and automakers. See? It's everywhere.
Don't take "tech" investment options at face value. Look, for example, at the iShares S&P North American Technology
If you really want computer- or telecommunications-oriented funds, seek out ones with those words in their names -- and check the lists of the stocks they own, too. Otherwise, you may end up with something like the mishmash of constituents of the S&P North American Technology Sector Index.
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Longtime Fool contributor Selena Maranjian does not own shares of any companies mentioned in this article, but she sure wishes she did. Apple is a Motley Fool Stock Advisor recommendation. Automatic Data Processing is a Motley Fool Income Investor pick. The Fool owns shares of and has written puts on Oracle. Try any of our investing newsletter services free for 30 days. The Motley Fool is Fools writing for Fools.