How to Buy Your Favorite Stocks at 14% Off (with yields up to 7%)
Michael Foster, Investment StrategistUpdated: August 6, 2018
If you’ve read the headlines about tech’s woeful slump in the past couple weeks, you might think stocks are out of favor.
You’d be wrong—and this chart proves it:
Forget the Headlines: Stocks Are Rolling
After February’s gut-wrenching plunge, the S&P 500 has more than recovered and is up 6.2% year to date. If this trend continues, we’re looking at a 12.4% return on the year.
But look at the orange line above—that’s the tech-benchmark Invesco QQQ Trust (QQQ), which is up 13.2% year to date, even after this latest correction in tech. That adds up to a monstrous 26.4% return for 2018 if that trend continues.… Read more