Broker Check

Focus is Paramount

February 09, 2024

Today's markets are roaring near or at highs that we have not seen for awhile. For even better perspective the S&P is approaching 5,000, here are the dates at which it first crossed each "thousand" mark (per Bloomberg data):

  • 1,000 on 2/2/1998
  • 2,000 on 8/26/2014
  • 3,000 on 7/12/2019
  • 4,000 on 4/1/2021

Focus on the best companies which drive the index is super important if you want to "win". Over the past couple decades, diversification hasn't worked as well as Wall Street intended for portfolios yet most people still think they need to be diversified. 

We agree yet with one important caveat - own 7-15 companies that grow and dominate their marketplace versus passively buying an index with 500 listings. Sound familiar? It should since for the past 18 months the index is being dominated by the Magnificent 7 companies, which is great if you're invested in them. Let us guide you forward.

Stay Focused on Winning!!!

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