Earlier this summer, we highlighted a two-pronged strategy to profit from the software industry’s transition to a subscription-based model that improves revenue stability and better serves customers. Our approach has paid out thus far, with our picks outperforming their benchmark index; here are our updated takes on these names.
Software-as-a-service stocks emerged some of the hottest, momentum-driven names in 2013--and many of these high flyers crashed to earth earlier this year. But investing in these disruptive technologies doesn’t need to have the same effect on your portfolio. Focus on established names and traditional software companies making the jump to subscription-based models to build wealth over the long haul.
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