How To Double Your Stock Returns
Zacks Investment Research | Nov 18, 2020 03:37AM ET
Stocks have been on a tear. Since the pandemic lows in late March, the Dow has surged by more than 64%, the S&P by 66%, the Nasdaq by 82%, and the small-cap Russell 2000 by more than 86%!
It’s been a record-setting move with all of the indexes positive for the year.
But the best part is that it looks like there’s a lot more upside to go.
After Q3’s GDP showed a 33.1% growth rate (which was the largest in history), and with expectations for more growth in Q4, not to mention expectations for all of 2021 to grow at the fastest pace in 38 years, stocks look poised to soar.
Then add in near zero interest rates for the foreseeable future, and the likelihood of at least two vaccines in the coming months, and we could be in store for an explosive rally, the likes of which we have never seen before.
As an investor, you should be handily beating the market right now. If not, now would be a good time to reflect on what you’re doing right in the market, what you’re doing wrong, and what you'd like to do better.
This includes patting yourself on the back for your successes.
Being honest with yourself for your failures.
And setting big goals for what you'd like to accomplish for the rest of the year, and next.
Like doubling your investment returns. (That’s right, double!)
Think Big
It takes no more mental energy to work on a big goal than it does to work on a small one.
But the end results can be enormous.
Most people set their sights on small ideas because they don't yet know how they'll achieve them.
But in today's day and age, somebody has likely accomplished the very thing you've set out to do -- and left a roadmap on how to do it.
That goes for the market too.
Continued . . .
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