At the time of this recording, the stock market is pushing nearly double digit returns year to date in the first half of the year. Almost 10% in the first half of 2023.

 

If you had these as part of your financial plan, you could be well past your target for the first part of 2023.

 

But the problem is the majority of these returns have come from just a few companies in the S&P 500. And the truth is, not everyone has these companies in their portfolio.

 

So it causes panic and induces FOMO, rushing to get to where the grass is greener by changing their portfolio. 

 

But that’s not the right approach to handling this situation.

 

In today’s episode, you’ll discover who the Magnificent 7 are in the S&P 500 and why they can generate wildly high returns in a small amount of time. Plus, I reveal  how you can handle your portfolio (even if you missed the bull run).

 

Listen now.

 

Show highlights include:

 

• Why the S&P 500 is a better representation of the health of the stock market than the Dow Jones. (2:51)

• The underwhelming truth about the impressive returns of the stock market (and why only 7 companies prop up the entire market). (4:07)

• Why the Magnificent Seven are the leaders in the current stock market and in the world. (7:13)

• How the returns from the Magnificent 7 will affect the other 493 companies in the S&P 500. (8:40)

• Why chasing returns is the wrong move even if you don’t have the Magnificent Seven in your portfolio. (and the right thing to do if you don’t have these companies in your portfolio).  (11:20)

 

 Disclosure:

 

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