Dogecoin Is a Dud: Buy These Surefire Stocks Instead
Over the long term, the stock market is a proven money machine. Since 1980, the benchmark S&P 500 has delivered an annual average total return, including dividends, of just over 11%. This is to say that people who chose to reinvest their dividends have doubled their money, on average, every 6.5 years since 1980. That's impressive considering the many obstacles the stock market has navigated its way through (the dot-com bubble, the Great Recession, and the coronavirus crash).
But in recent years, the broader market has taken a back seat to the mother of all momentum trades: cryptocurrencies. For example, Bitcoin, the world's largest digital currency by market cap, has averaged a triple-digit annual return, which absolutely crushes the performance of the S&P 500.
Yet, it's not Bitcoin that has retail investors captivated. The true crypto charmer is the "people's currency," Dogecoin (CRYPTO: DOGE).
Source Fool.com
