Here Are My 5 Largest Stock Positions and How They've Performed in 2020
The stock market has taken investors on quite a roller-coaster ride in 2020. After reaching all-time highs in February, the S&P 500 and Dow Jones Industrial Average plunged by as much as 40% as the COVID-19 pandemic intensified. Since then, the major indexes have rebounded significantly -- as of June 1, the S&P 500 is down just 6% for the year.
Having said that, the pandemic has affected different areas of the stock market in very different ways. For example, the tech-heavy Nasdaq Composite is actually up by more than 6% in 2020, while the Financial Select Sector SPDR ETF (NYSEMKT: XLF) is down by 23%. Many stocks -- especially those that can thrive in a socially distant world -- are significantly higher in 2020, while many that rely on people getting out in groups, like theaters and hotels, have lost more than half of their value.
Because of this, my portfolio has been shaken up quite a bit lately. As an investor who is quite focused on banking and real estate, it shouldn't be surprising that my portfolio took a big hit in March when the market crashed. However, some of my stock positions have performed quite well, and I've also put quite a bit of money to work over the past few months.
Source Fool.com
