As an investor with over 40 years of experience, I believe there are tremendous opportunities in today's market. Young investors with a long time horizon often choose to invest in S&P 500 index funds. They do so because, over the past 100 years, U.S. equities have generated average annual returns of almost. Under the rule of 72, an investment with a 10% annual return will double in just over seven years. Compounding returns can generate wealth over time.
Still, after the Microsoft launch of ChatGPT, its share price soared. The stock ran from around $250 to $350. And Alphabet-Google's share price fell to around $90.
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