2020 Was The Best Year Ever!
For Stock Investors
Alright, I admit, I’ve taken a little liberty with the title because technically there have been better years from a pure performance perspective. But think about this for just a minute. In the midst of a pandemic induced recession, a highly charged election, and a year that has seen widespread riots and civil unrest, 2020 was actually a terrific year for stock investors.
Let me rephrase that, it was one hell of a year for investors.
This is not to make light of the destruction that Covid has caused around the globe and the many lives that have been lost. I get that and fully understand that for many there isn’t going to be a 2021.
However, I am pointing out the great disconnect between our economy, stock markets, and the every day struggle many are currently facing.
If you had invested in an index that focused on large US growth oriented stocks your investment would have grown by over 40%. Individual stocks such as:
- Etsy increased by over 300%
- Paypal increased by over 100%
- And Tesla increased by a whopping 700%
Oh and we can’t forget Zoom. 2020 was the year that made dear ol’ Zoom which saw its stock soar by almost…
