Making Money Minute with Ron Hiebert - Mag 7 Performance
Stock market returns have been overwhelmingly influenced by a small number of companies. Over the past decade, the S&P 500’s performance has been driven almost entirely by the “Magnificent 7”: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. During this 10 year period, the MAG 7 group of tech stocks has had an annual average compound return of 47%. If you didn’t own this group, your performance was left in the dust. The average return of the remaining shares in the S&P 500 was just 7% per year.
