August turned out to be a pretty good month for S&P 500 investors. And some stocks wound up having a great month.
If you invested $100,000 in January in the top-performing stock in the S&P 500 at the time and reinvested that in each month's top performer, including vaccine maker Moderna (MRNA) in August, you'd have $12.7 million now, says an Investor's Business Daily **** ysis of data from S&P Global Market Intelligence and MarketSurge.
That's an impressive eight-month gain of 12,600%. It's quite a feat given the S&P 500 itself is up just 12.7% so far this year. And the same $100,000 invested in the S&P 500 would be worth just $112,700 now. The S&P 500 rose 3% in August, making it the third-best month this year.
Hindsight is 20-20. And, clearly, few if any investors could have picked the top stock in each of the past eight months, as it's not a repeatable strategy. But the staggering numbers this year remind investors that amazing gains can be scooped up by diligent investors who keep buy lists handy for big leaders when the S&P 500 starts to hit highs.
In fact, the S&P 500 offered many ways to make money in August. More than 278 stocks in the index rose during August. And of those, nine stocks jumped more than 30% in just one month.
#stocks #invested
If you invested $100,000 in January in the top-performing stock in the S&P 500 at the time and reinvested that in each month's top performer, including vaccine maker Moderna (MRNA) in August, you'd have $12.7 million now, says an Investor's Business Daily **** ysis of data from S&P Global Market Intelligence and MarketSurge.
That's an impressive eight-month gain of 12,600%. It's quite a feat given the S&P 500 itself is up just 12.7% so far this year. And the same $100,000 invested in the S&P 500 would be worth just $112,700 now. The S&P 500 rose 3% in August, making it the third-best month this year.
Hindsight is 20-20. And, clearly, few if any investors could have picked the top stock in each of the past eight months, as it's not a repeatable strategy. But the staggering numbers this year remind investors that amazing gains can be scooped up by diligent investors who keep buy lists handy for big leaders when the S&P 500 starts to hit highs.
In fact, the S&P 500 offered many ways to make money in August. More than 278 stocks in the index rose during August. And of those, nine stocks jumped more than 30% in just one month.
#stocks #invested
3 days ago
