Ready to retire on a single stock Magnificent 7? Poll Reveals Top Choice – And It’s Not Apple

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Investors have many options when it comes to investing for retirement.

Available strategies include investing in index funds, mutual funds, ETFs or picking individual stocks. Benzinga recently asked which of the Magnificent 7 stocks is the best option for retirement.

What happened: Magnificent 7 stocks, a select group of highly valuable and widely recognized investments, are often associated with high growth financial activities and leading companies in the technology sector.

The 7 Magnificent Stocks are Apple (NASDAQ:APPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation ( NASDAQ:NVDA) and Tesla (NASDAQ:TSLA).

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“If you had to invest your entire retirement account in one Magnificent 7 title, which one would you choose?” Benzinga asked.

Here are the results:

Nvidia: 33%

Apple: 21%

Microsoft: 17%

Amazon: 14%

Tesla: 7%

Alphabet: 4%

Meta platforms: 4%

The results are hardly surprising given Nvidia’s status as one of the most talked about growth stories in recent years, with the stock outperforming significantly over the past year.

Apple ranked second in the survey and comes as the company has been among the top performers over the past five years and has a loyal fan base.

Why it’s important: Magnificent 7 shares have outperformed the broader stock market over the past five years and 10 years, based on returns, compared to the SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the S&P 500.

Here’s a look at the five- and 10-year returns on Magnificent 7 stocks:

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By comparison, the SPDR S&P 500 ETF is up 92% over the past five years and 179% over the past 10 years. Each of the Magnificent 7 stocks beat the ETF for both time periods, more than doubling their returns.

Nvidia recently topped a poll in which Magnificent 7 Benzinga stock readers would invest $1,000 today. Amazon.com led Nvidia in a poll on which Magnificent 7 stock could best weather a downturn.

For investors who want exposure to all Magnificent 7 stocks, there’s also the Roundhill Magnificent Seven ETF (NASDAQ:MAGS) that holds the seven companies.

The study was conducted by Benzinga on August 26 and 27, 2024, and included responses from a diverse population of adults 18 and older. Participation in the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects the results of 112 adults.

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This article Are you ready to retire on a single stock Magnificent 7? Poll Reveals Top Pick — And It’s Not Apple originally appeared on Benzinga.com