Want to Invest $1,000 in the "Magnificent Seven?" Invest This Amount in an S&P 500 Index Fund
In 2023, The performance of the "Magnificent Seven" stocks added more than $5 trillion in value to the S 500.
Bank of America analyst Michael Hartnett came up with the term Magnificent Seven to describe seven massive tech-focused companies -- Apple, Microsoft, , Amazon, Meta Platforms , Nvidia, and Tesla.
It's not hard to gain exposure to the Magnificent Seven given how valuable these companies have become. In fact, by investing $3,525 in an exchange-traded fund (ETF) mimicking the performance of the S 500, you are effectively putting $1,000 in the Magnificent Seven and $2,525 in the rest of the market, since the Magnificent Seven stocks account for 28.37% of the total value of the S 500.
Source Fool.com