In 2023, seven stocks-dubbed the “Magnificent Seven” (Apple, Alphabet, Microsoft, Amazon, Meta, Tesla, and Nvidia)-took the spotlight with remarkable gains, soaring by an average of 93%! However, it’s surprising to note that despite this strong performance, these stocks have merely returned to their peak from 2022.
It’s important to remember investing is a journey and not a one-year snapshot. It’s crucial to not fixate on short-term performance based on arbitrary timeframes. At Redwood, our RiskFirst® process helps investors stay focused on their long-term goals. We use clear benchmarks to define success to steer away from emotional investing decisions.
Can’t See Past Our Noses
- We believe the preservation of capital is key to consistent, long-term investment success.
- Our investment approach is grounded in economic theory and backed by quantitative analysis.
- Managing drawdown risk is a pillar from which we build our portfolios.
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