IT ’ S NOT JUST THE MAGNIFICENT SEVEN :

Andy Merricks , Co-manager of the MGTS IDAD Future Wealth Fund

You ’ d be forgiven for thinking that there were only 7 stocks in the entire world that were worthy of investment , such has been the obsession with reporting upon the so called Magnificent 7 that dominate the S & P 500 . It ’ s easy to forget that the number has grown quite rapidly from the original 4 that made up the FANGs , quite quickly adapted to FAANGs when the club membership was forced to open wider . At this rate we ’ ll be discussing the Tremendous Ten , the Dynamic Dozen or even , Heaven forbid , the S & P 500 before long .

APRIL 2024 | 29