The “Magnificent 7” companies now make up 30% of the S&P 500 index, and more than 40% of the NASDAQ-100 index. These seven companies (NVIDIA, Microsoft, Apple, Amazon, Google, Meta, and Tesla) have become so large and concentrated in the indices that diversification has been lost. The impacts of this can be dangerous for investors. Let’s dive in.

Start early, invest less. What do I mean by this? How does investing less money result in more wealth? I’m talking about using the power of compounding and time to your advantage, to grow your investments for as long as possible. Here’s how to do it.