Motley Fool Money 3 Ingredients for a Happy Retirement
Jan 30, 2024
Jim Gillies, an investment analyst, dives into the impressive revenue growth of Flutter Entertainment and discusses what to watch in big tech stock reports from giants like Microsoft and Apple. Meanwhile, Michael Finke, a wealth management professor, highlights key factors for a fulfilling retirement. He emphasizes the importance of financial security, maintaining relationships, and investing in health, painting a picture of what truly contributes to happiness in retirement.
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Magnificent Seven Risk
- The Magnificent Seven comprise 30% of the U.S. stock market, posing a potential risk for index investors.
- A similar situation occurred in Canada with Nortel Networks, once a third of the index, going to zero.
Investing in Magnificent Seven
- Avoid directly investing in individual Magnificent Seven stocks.
- Gain exposure through S&P 500 ETFs to mitigate risk.
Nortel Networks Case Study
- Nortel Networks, once Canada's largest company, went bankrupt, impacting index investors.
- The TSX's annualized return dropped after Nortel's collapse, illustrating the impact of concentrated holdings.
