Forget the "Magnificent Seven" Stocks: 1 Magnificent Index Fund Could Turn $375 Per Month Into $953,800
The Nasdaq Composite recently reached a record high for the first time since falling into a bear market in late 2021. That means the technology-heavy index is officially back in bull market territory, a milestone usually followed by significant gains across the stock market.
The "Magnificent Seven," especially Nvidia, Meta Platforms, and Amazon, played a major role in pushing the Nasdaq to a new record high, and all seven could perform well during the new bull market. However, rather than buying each stock individually, investors should consider buying an index fund that tracks the entire Nasdaq, such as the Fidelity Nasdaq Composite ETF (NASDAQ: ONEQ).
Doing so reduces risk by spreading money across more stocks and has historically been a sound investment strategy. This ETF would have turned $375 invested monthly into $953,800 over the last three decades.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 13 Buy predictions and 2 Sell predictions.
As a result the target price of 530 € shows a positive potential of 27.96% compared to the current price of 414.2 € for Meta Platforms Inc..
