Fast Money Blog- 12/30/22

When it comes to stock market trading and investing, do you think like a millionaire?  

There is a reason why success in the stock market requires not just a short-term plan, but a long-term one as well. 

Do you have a 10-year plan?  

If you're serious about making money in the stock market you have to have a 10-year plan. Historically, stocks in the Dow Jones Industrial Average and S&P 500 tend to do well over time.

Given the pullback in the market, this current downtrend in the market will go down as being a colossal buying opportunity.  What stocks are you holding for the long-term that will build wealth over time that can serve as a family legacy?

Let’s take a look at the following stocks to see how time has proven them to be winners:

The Home Depot, Inc. (HD) 

If you did nothing but hold Home Depot shares, $67,000 invested in HD ten years ago is now worth $318,000.

Amazon.com, Inc. (AMNZ)

Ten years ago Amazon stock was $13.28 a share on a split-adjusted basis. Today it is trading around $84.74 a share. This represents an over 600% return on investment. 

Costco Wholesale Corporation (COST)

Ten years ago Costco stock was $101 a share. Today it is trading around $458 a share. This represents an over 400% return on investment. 

Apple, Inc. (AAPL)  

Ten years ago Apple stock was $17 a share on a split adjusted basis.  Today it is trading around $132 a share.  This represents a 800% return on investment. 

Alphabet Inc. (GOOGL)

Ten years ago Google stock was $21 a share, also on a split adjusted basis. Today it is trading around $89 a share. This represents an over 600% return on investment. 

Walmart Inc. (WMT)

Ten years ago Walmart stock was $70 a share. Today it is trading around $143 a share. This represents a 100% return on investment. 

Johnson & Johnson (JNJ)  

Ten years ago Johnson & Johnson stock was $73 a share. Today it is trading around $175 a share.  This represents a 150% return on investment. 

Microsoft Corporation (MSFT)

Ten years ago Microsoft stock was $27 a share on a split adjusted basis.  Today it is trading around $240 a share.  This represents an almost 1,000% return on investment. 

Remember, financial freedom only comes from having a wealth plan.  Keeping your eye on the future will lead to big pay-offs. In addition, studying Wall Street trends can make the difference between huge success and failure in the stock market. 

Just a reminder: I expect to see the market return to a bullish posture sometime in the spring immediately following the Federal Reserve putting interest rates on pause. 

Please make sure you own shares in companies like Visa, Mastercard and Home Depot, which have already begun to retrace.

Tyrone Jackson, The Wealthy Investor