I have been more successful than not in the stock market regarding individual stocks. I also know it took hours of research, some luck, and having the means to throw $4k here and $11k there to make some nice gains over the course of a few months.
With that all said, I wanted to know what would be so bad with just taking all of my stocks, selling them today (yes, even Apple, Microsoft and Tesla) and just investing in say 3 to 4 mega cap indexes? Mega cap indexes on average outperform your S&P 500 trackers/the well known etfs.
Vanguard Mega Cap (VMCTX) 5 year rate of return: 88.55%
Vanguard 500 (VOO) 5 year rate of return: 83.75%
iShares S&P 100 ETF (OEF) 5 year rate of return: 89.45%
iShares Core S&P 500 ETF (IVV) 5 year rate of return: 83.19%
Tell me I am overlooking something. Otherwise, I do not see any reason to continue holding VOO when I can make more in VMCTX.
Just to be clear, had I from day one close to 8 years ago just bought VMCTX and OEF I would be very close to where I am right now (I average 20% annual returns before taxes).
Current positions: Apple, Microsoft, Tesla, Old Dominion Freight, Cloudflare, Wayfair. Also invest heavily in VOO and VTI.
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