Performance of 2023 Stock Picks: A Recap
In 2023, my annual list of 10 stock selections delivered a positive return in a tumultuous year, but it fell short of the benchmark S&P 500 Index. The S&P 500 was up 13.1% since the publication of my list, compared to my collection’s 7.9%. However, over the past decade, my stock picks have outperformed the S&P 500, with an average annual gain of roughly 13% including dividends, compared to less than 12% for the S&P 500. Investing in stocks has proven to be a fabulous long-term investment, with the potential to double your original investment in about seven years and turn $100,000 into $1.6 million at the end of 30 years.
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