This week, I’m talking about the FAANG stocks - these are the five most popular powerhouse American tech companies - Facebook, Amazon, Apple, Netflix and Google.

Yesterday, I talked about the wildly impressive results of these 5 stocks over the last 10 years. If you’re fearing that you missed out because you didn’t buy any of these stocks 10 years ago, think again.

If you own any large cap mutual fund or an ETF like the S&P 500, chance are you own some, if not all of these stocks already. These 5 stocks alone made up over 12% of the S&P 500 index in 2019, and they’ve been making up an ever larger piece of the S&P 500 pie over the last decade.

Back in 2012, these 5 stocks made up only 5% of the index, but because the returns of these 5 stocks since then have been parabolic, they’ve become a larger and larger percentage of the index.

So whether it’s in your 401k or another investment account where you own mutual funds are target-date funds, you likely own some of these stocks already, and perhaps even a higher percentage than you realize, which could be problematic, as I’ll discuss tomorrow.

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.

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