10 Stocks VS the S&P 500. Which strategy wins?
Imagine 10 stocks having a greater return with very little difference in volatility or downside risk. Well, that is what I have found. The large mega-caps like Apple, Microsoft, and Alphabet have outperformed the S&P 500 for most of the years I looked at. Diversification is supposed to reduce risk but more recently 10 stocks is all that is needed and the risk is about the same as the S&P 500. ...