Could Buying This Magnificent Seven ETF Today Set You Up for Life?
Yahoo Finance ·
There is no trend that has impacted the markets and economy more this century than the rise of the technology sector. Double-clicking on this thought, it's clear that there have been a very small number of companies leading the charge as our internet-driven society becomes more digitally native. According to research from The Motley Fool , the Magnificent Seven stocks make up about 33% of the S&P 500 index's entire market cap. These businesses have a tremendous impact on the overall market's performance. In the past decade, Nvidia has been the best investment by far, with its shares skyrocketing 16,930% (as of June 25). The worst of the group, Meta Platforms , still put up a strong 386% gain. Instead of complaining about the level of concentration in these seven stocks, perhaps it's time to lean in. Could buying a Magnificent Seven exchange-traded fund (ETF) today set you up for life?
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