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Investors have many options when it comes to investing for their retirement.
Available strategies include investing in index funds, mutual funds, ETFs, or picking individual stocks. Benzinga recently asked which of the Magnificent 7 stocks was the best option for retirement.
What happened: The Magnificent 7 stocks, a select group of highly valuable and widely recognized investments, are often associated with high-growth financial institutions and leading companies in the technology sector.
The Magnificent 7 stocks are Apple (NASDAQ:APPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA).
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“If you had to invest your entire retirement account in just one Magnificent 7 stock, which one would you choose?” Benzinga asked.
Here are the results:
Nvidia: 33%
Apple: 21%
Microsoft: 17%
Amazon: 14%
Tesla: 7%
Alphabet: 4%
Meta platforms: 4%
These results aren’t surprising, as Nvidia has been one of the most talked about growth stories of recent years and the stock has outperformed significantly over the past year.
Apple ranked second in the survey and is one of the best performing companies of the past five years, and has a loyal fan base.
Why it’s important: The Magnificent 7 stocks have outperformed the broader stock market over the past five years and 10 years, based on returns compared to the SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the S&P 500.
Below you can see the returns of the Magnificent 7 shares over five and ten years:
|
Stock |
5-year return |
10-year return |
|
Nvidia |
+2,962% |
+25,603% |
|
Apple |
+337% |
+822% |
|
Microsoft |
+200% |
+802% |
|
Amazon |
+95% |
+900% |
|
Tesla |
+1,291% |
+1.031% |
|
Alphabet |
+177% |
+451% |
|
Meta |
+180% |
+572% |
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For comparison, the SPDR S&P 500 ETF is up 92% over the past five years and 179% over the past 10 years. Each of the Magnificent 7 stocks outperforms the ETF over both time periods, with far more than double the returns.
Nvidia recently topped a poll of which Magnificent 7 stocks Benzinga readers would invest $1,000 in today. It was Amazon.com that outranked Nvidia in a poll of which Magnificent 7 stocks would be most recession-resistant.
For investors looking for exposure to all of the Magnificent 7 stocks, there’s also the Roundhill Magnificent Seven ETF (NASDAQ:MAGS), which includes all seven companies.
The survey was conducted by Benzinga on August 26-27, 2024, and included responses from a diverse population of adults aged 18 and over. Participation in the survey was completely voluntary, with no incentives offered to potential respondents. The survey reflects the results of 112 adults.
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This article Ready to Retire With a Single Great 7 Stocks? Poll Reveals Top Pick — And It’s Not Apple originally appeared on Benzinga.com
