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2022-01-10
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How to Beat the S&P 500 in 2022<blockquote>2022年如何战胜标普500</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":694362424,"tweetId":"694362424","gmtCreate":1641823492519,"gmtModify":1641823492626,"author":{"id":4093058604760480,"idStr":"4093058604760480","authorId":4093058604760480,"authorIdStr":"4093058604760480","name":"GggSlimeR","avatar":"https://static.tigerbbs.com/19f9dd6ac1811c7e85fa95a3ea4c703e","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>hihihi</p></body></html>","htmlText":"<html><head></head><body><p>hihihi</p></body></html>","text":"hihihi","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/694362424","repostId":1117665745,"repostType":4,"repost":{"id":"1117665745","kind":"news","pubTimestamp":1641822153,"share":"https://www.laohu8.com/m/news/1117665745?lang=zh_CN&edition=full","pubTime":"2022-01-10 21:42","market":"us","language":"en","title":"How to Beat the S&P 500 in 2022<blockquote>2022年如何战胜标普500</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117665745","media":"Motley Fool","summary":"Famous investor Warren Buffett is famous for (among other things)winning a bet that money parked in ","content":"<p><html><head></head><body>Famous investor Warren Buffett is famous for (among other things)winning a bet that money parked in an <b>S&P 500</b> index fund would outperform professional money managers over 10 years. It's not easy to consistently beat a collection of the world's largest and most influential companies.</p><p><blockquote><html><head></head><body>著名投资者沃伦·巴菲特(Warren Buffett)因(除其他外)赢得一场赌注而闻名,该赌注将资金停放在<b>标普500</b>指数基金的表现将在10年内优于专业基金经理。持续击败一系列世界上最大、最有影响力的公司并不容易。</body></html></blockquote></p><p>But can it be done over one year? I think it can, and I'm going to show you the crazy blueprint to do just that in 2022. Here is why and how you could beat the S&P 500 this year.</p><p><blockquote>但是一年多能做到吗?我认为可以,我将向你们展示2022年实现这一目标的疯狂蓝图。以下是你今年击败标普500的原因和方式。</blockquote></p><p><b>The anatomy of the S&P 500</b></p><p><blockquote><b>标普500的剖析</b></blockquote></p><p>The S&P 500is an index constructed by a committee and owned by S&P Dow Jones Indices, a joint venture majority-owned by<b>S&P Global</b>, which specializes in analytics and information for the financial markets. The index includes 500 companies generally considered the most prominent in the United States and traditionally viewed as the best overall benchmark for the U.S. stock market.</p><p><blockquote>标准普尔500指数是由一个委员会构建的指数,由标准普尔道琼斯指数公司所有,该公司是一家合资企业,由<b>标准普尔全球</b>,专门从事金融市场的分析和信息。该指数包括500家通常被认为是美国最著名的公司,传统上被视为美国股市的最佳整体基准。</blockquote></p><p>But these 500 companies aren't represented equally. The top 10 highest-weighted members make up roughly 30% of the entire index. These companies include:</p><p><blockquote>但这500家公司的代表性并不平等。权重最高的前10名成员约占整个指数的30%。这些公司包括:</blockquote></p><p><ol><li><b>Apple</b></li><li><b>Microsoft</b></li><li><b>Amazon</b></li><li><b>Alphabet</b>(Class A shares)</li><li><b>Tesla</b></li><li>Alphabet (Class C shares)</li><li><b>MetaPlatforms</b></li><li><b>Nvidia</b></li><li><b>BerkshireHathaway</b>(Class B shares)</li><li><b>UnitedHealthGroup</b></li></ol>That leaves the other 70% for the other 490 stocks. A broad market movement such as a bull market can move the index, but these larger members can also influence the index if their price movement is dramatic enough.</p><p><blockquote><ol><li><b>苹果</b></li><li><b>微软</b></li><li><b>亚马逊</b></li><li><b>Alphabet</b>(A类股份)</li><li><b>特斯拉</b></li><li>Alphabet(C类股份)</li><li><b>元平台</b></li><li><b>英伟达</b></li><li><b>伯克希尔哈撒韦</b>(B类股份)</li><li><b>联合健康集团</b></li></ol>剩下的70%留给了其他490只股票。牛市等广泛的市场变动可以影响指数,但如果这些较大的成员的价格变动足够剧烈,也可以影响指数。</blockquote></p><p><b>Many top members have stretched valuations</b></p><p><blockquote><b>许多顶级会员的估值过高</b></blockquote></p><p>A similar situation could be playing out in the index right now -- the S&P 500 is only 3% away from its all-time high. But the broader stock market doesn't seem relatively healthy if you look closer.</p><p><blockquote>类似的情况现在可能正在该指数中上演——标普500距离历史高点仅3%。但如果你仔细观察,更广泛的股市似乎并不相对健康。</blockquote></p><p>For example, let's look at the 500 stocks in the index. Only 357 of them are above their 200-day moving average, which indicates a stock's price momentum by averaging its closing price over the past 200 market sessions. In other words, more than one in four S&P 500 components are struggling right now.</p><p><blockquote>例如,我们来看指数中的500只股票。其中只有357只股票高于200日移动平均线,该移动平均线通过对过去200个市场交易日的收盘价进行平均来表明股票的价格动量。换句话说,超过四分之一的标普500组件目前正在苦苦挣扎。</blockquote></p><p>If we look at the <b>Nasdaq</b>, a fellow index that concentrates on technology stocks, just over one in four stocks are <i>above</i> their 200-day moving average. Put another way, more than three-quarters of the Nasdaq's stocks have negative price momentum!</p><p><blockquote>如果我们看看<b>纳斯达克</b>这是一个专注于科技股的指数,略高于四分之一的股票是<i>上面</i>他们的200天移动平均线。换句话说,超过四分之三的纳斯达克股票具有负面价格动力!</blockquote></p><p>It seems that tech companies are broadly having a tough time right now, which could be explained by the ongoing high inflation threatening to cause increased interest rates. Higher interest rates cancause stock valuations to decrease.</p><p><blockquote>科技公司目前似乎普遍处境艰难,这可能是因为持续的高通胀可能导致利率上升。较高的利率会导致股票估值下降。</blockquote></p><p>Some mega-cap stocks that sit at the top of the S&P 500 have remained popular, which has resulted in continued price appreciation and high valuations.</p><p><blockquote>一些位于标普500顶端的大盘股仍然受欢迎,导致价格持续升值和高估值。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84806d538b8283647e68cfce7862abcb\" tg-width=\"720\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>AAPL PE RATIODATA BYYCHARTS.PE = PRICE-TO-EARNINGS.</span></p><p><blockquote><p class=\"t-img-caption\"><span>AAPL市盈率数据来自YCharts.PE=市盈率。</span></p></blockquote></p><p>Now, the S&P 500 is at a price-to-earnings (PE) ratio of 24.5, roughly 50% higher than its historical average of 16. Nobody knows what will happen in the future, but it seems that the weakness of lower-weighted stocks in the major indexes could indicate the actual condition of the markets. If the mega-caps finally begin to correct, it could accelerate the decline of the S&P 500.</p><p><blockquote>目前,标普500的市盈率(PE)为24.5,比历史平均水平16高出约50%。没有人知道未来会发生什么,但主要指数中权重较低的股票的疲软似乎可以表明市场的实际状况。如果大型股最终开始调整,可能会加速标普500的下跌。</blockquote></p><p><b>Going against the grain for gains</b></p><p><blockquote><b>逆潮流而动</b></blockquote></p><p>This scenario is an opportunity to outperform the market. Human nature makes it feel "safe" to go buy the stocks that have already been going higher, but the real opportunity might be in the beaten-down stocks, those that have lost 50% to 80% over the past year.</p><p><blockquote>这种情况是跑赢市场的机会。人性让购买已经走高的股票感到“安全”,但真正的机会可能在于遭受重创的股票,即那些在过去一年中下跌了50%至80%的股票。</blockquote></p><p>It doesn't mean chasing low-quality stocks that are overly speculative or businesses losing tons of money. But the overall sentiment in the growth universe has brought most stocks down; quality names trading at expensive valuations have become reasonable or even cheap in some instances.</p><p><blockquote>这并不意味着追逐过度投机的低质量股票或企业损失大量资金。但增长领域的整体情绪导致大多数股票下跌;在某些情况下,以昂贵估值交易的优质品牌已经变得合理甚至便宜。</blockquote></p><p>If growth stocks begin recovering this year, we could see the opposite of 2021 occur, when the S&P marched higher while many growth stocks floundered.</p><p><blockquote>如果成长型股票今年开始复苏,我们可能会看到与2021年相反的情况发生,当时标准普尔指数走高,而许多成长型股票却陷入困境。</blockquote></p><p><b>Understand the risks</b></p><p><blockquote><b>了解风险</b></blockquote></p><p>There's a large gap between the largest stocks in the indexes and the smaller ones underneath. I think there is a good chance that this gap will close, but nobody knows for sure when that will happen.</p><p><blockquote>指数中最大的股票与下方较小的股票之间存在很大差距。我认为这个差距很有可能会缩小,但没有人确切知道什么时候会发生。</blockquote></p><p>The price movement that happened throughout most of 2021 may continue through 2022. Perhaps a significant economic event will occur that is unforeseen and changes everything.</p><p><blockquote>2021年大部分时间发生的价格变动可能会持续到2022年。也许会发生一个不可预见的重大经济事件,改变一切。</blockquote></p><p></p><p>The point is that you can't know for sure; you can only look at facts to get a sense of what's happening around you. The best way to position your investments for success is to identify high-quality stocks whether small-, mid-, or large-cap, take a long-term approach with your holdings, and manage your risk appetite. If you do that, you're bound to have success in 2022 and beyond.</p><p><blockquote>关键是你不能确定;你只能看事实来了解你周围发生的事情。成功定位投资的最佳方法是识别优质股票,无论是小型、中型还是大型股票,对您的持股采取长期态度,并管理您的风险偏好。如果你这样做了,你一定会在2022年及以后取得成功。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Beat the S&P 500 in 2022<blockquote>2022年如何战胜标普500</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to Beat the S&P 500 in 2022<blockquote>2022年如何战胜标普500</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2022-01-10 21:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Famous investor Warren Buffett is famous for (among other things)winning a bet that money parked in an <b>S&P 500</b> index fund would outperform professional money managers over 10 years. It's not easy to consistently beat a collection of the world's largest and most influential companies.</p><p><blockquote><html><head></head><body>著名投资者沃伦·巴菲特(Warren Buffett)因(除其他外)赢得一场赌注而闻名,该赌注将资金停放在<b>标普500</b>指数基金的表现将在10年内优于专业基金经理。持续击败一系列世界上最大、最有影响力的公司并不容易。</body></html></blockquote></p><p>But can it be done over one year? I think it can, and I'm going to show you the crazy blueprint to do just that in 2022. Here is why and how you could beat the S&P 500 this year.</p><p><blockquote>但是一年多能做到吗?我认为可以,我将向你们展示2022年实现这一目标的疯狂蓝图。以下是你今年击败标普500的原因和方式。</blockquote></p><p><b>The anatomy of the S&P 500</b></p><p><blockquote><b>标普500的剖析</b></blockquote></p><p>The S&P 500is an index constructed by a committee and owned by S&P Dow Jones Indices, a joint venture majority-owned by<b>S&P Global</b>, which specializes in analytics and information for the financial markets. The index includes 500 companies generally considered the most prominent in the United States and traditionally viewed as the best overall benchmark for the U.S. stock market.</p><p><blockquote>标准普尔500指数是由一个委员会构建的指数,由标准普尔道琼斯指数公司所有,该公司是一家合资企业,由<b>标准普尔全球</b>,专门从事金融市场的分析和信息。该指数包括500家通常被认为是美国最著名的公司,传统上被视为美国股市的最佳整体基准。</blockquote></p><p>But these 500 companies aren't represented equally. The top 10 highest-weighted members make up roughly 30% of the entire index. These companies include:</p><p><blockquote>但这500家公司的代表性并不平等。权重最高的前10名成员约占整个指数的30%。这些公司包括:</blockquote></p><p><ol><li><b>Apple</b></li><li><b>Microsoft</b></li><li><b>Amazon</b></li><li><b>Alphabet</b>(Class A shares)</li><li><b>Tesla</b></li><li>Alphabet (Class C shares)</li><li><b>MetaPlatforms</b></li><li><b>Nvidia</b></li><li><b>BerkshireHathaway</b>(Class B shares)</li><li><b>UnitedHealthGroup</b></li></ol>That leaves the other 70% for the other 490 stocks. A broad market movement such as a bull market can move the index, but these larger members can also influence the index if their price movement is dramatic enough.</p><p><blockquote><ol><li><b>苹果</b></li><li><b>微软</b></li><li><b>亚马逊</b></li><li><b>Alphabet</b>(A类股份)</li><li><b>特斯拉</b></li><li>Alphabet(C类股份)</li><li><b>元平台</b></li><li><b>英伟达</b></li><li><b>伯克希尔哈撒韦</b>(B类股份)</li><li><b>联合健康集团</b></li></ol>剩下的70%留给了其他490只股票。牛市等广泛的市场变动可以影响指数,但如果这些较大的成员的价格变动足够剧烈,也可以影响指数。</blockquote></p><p><b>Many top members have stretched valuations</b></p><p><blockquote><b>许多顶级会员的估值过高</b></blockquote></p><p>A similar situation could be playing out in the index right now -- the S&P 500 is only 3% away from its all-time high. But the broader stock market doesn't seem relatively healthy if you look closer.</p><p><blockquote>类似的情况现在可能正在该指数中上演——标普500距离历史高点仅3%。但如果你仔细观察,更广泛的股市似乎并不相对健康。</blockquote></p><p>For example, let's look at the 500 stocks in the index. Only 357 of them are above their 200-day moving average, which indicates a stock's price momentum by averaging its closing price over the past 200 market sessions. In other words, more than one in four S&P 500 components are struggling right now.</p><p><blockquote>例如,我们来看指数中的500只股票。其中只有357只股票高于200日移动平均线,该移动平均线通过对过去200个市场交易日的收盘价进行平均来表明股票的价格动量。换句话说,超过四分之一的标普500组件目前正在苦苦挣扎。</blockquote></p><p>If we look at the <b>Nasdaq</b>, a fellow index that concentrates on technology stocks, just over one in four stocks are <i>above</i> their 200-day moving average. Put another way, more than three-quarters of the Nasdaq's stocks have negative price momentum!</p><p><blockquote>如果我们看看<b>纳斯达克</b>这是一个专注于科技股的指数,略高于四分之一的股票是<i>上面</i>他们的200天移动平均线。换句话说,超过四分之三的纳斯达克股票具有负面价格动力!</blockquote></p><p>It seems that tech companies are broadly having a tough time right now, which could be explained by the ongoing high inflation threatening to cause increased interest rates. Higher interest rates cancause stock valuations to decrease.</p><p><blockquote>科技公司目前似乎普遍处境艰难,这可能是因为持续的高通胀可能导致利率上升。较高的利率会导致股票估值下降。</blockquote></p><p>Some mega-cap stocks that sit at the top of the S&P 500 have remained popular, which has resulted in continued price appreciation and high valuations.</p><p><blockquote>一些位于标普500顶端的大盘股仍然受欢迎,导致价格持续升值和高估值。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84806d538b8283647e68cfce7862abcb\" tg-width=\"720\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>AAPL PE RATIODATA BYYCHARTS.PE = PRICE-TO-EARNINGS.</span></p><p><blockquote><p class=\"t-img-caption\"><span>AAPL市盈率数据来自YCharts.PE=市盈率。</span></p></blockquote></p><p>Now, the S&P 500 is at a price-to-earnings (PE) ratio of 24.5, roughly 50% higher than its historical average of 16. Nobody knows what will happen in the future, but it seems that the weakness of lower-weighted stocks in the major indexes could indicate the actual condition of the markets. If the mega-caps finally begin to correct, it could accelerate the decline of the S&P 500.</p><p><blockquote>目前,标普500的市盈率(PE)为24.5,比历史平均水平16高出约50%。没有人知道未来会发生什么,但主要指数中权重较低的股票的疲软似乎可以表明市场的实际状况。如果大型股最终开始调整,可能会加速标普500的下跌。</blockquote></p><p><b>Going against the grain for gains</b></p><p><blockquote><b>逆潮流而动</b></blockquote></p><p>This scenario is an opportunity to outperform the market. Human nature makes it feel "safe" to go buy the stocks that have already been going higher, but the real opportunity might be in the beaten-down stocks, those that have lost 50% to 80% over the past year.</p><p><blockquote>这种情况是跑赢市场的机会。人性让购买已经走高的股票感到“安全”,但真正的机会可能在于遭受重创的股票,即那些在过去一年中下跌了50%至80%的股票。</blockquote></p><p>It doesn't mean chasing low-quality stocks that are overly speculative or businesses losing tons of money. But the overall sentiment in the growth universe has brought most stocks down; quality names trading at expensive valuations have become reasonable or even cheap in some instances.</p><p><blockquote>这并不意味着追逐过度投机的低质量股票或企业损失大量资金。但增长领域的整体情绪导致大多数股票下跌;在某些情况下,以昂贵估值交易的优质品牌已经变得合理甚至便宜。</blockquote></p><p>If growth stocks begin recovering this year, we could see the opposite of 2021 occur, when the S&P marched higher while many growth stocks floundered.</p><p><blockquote>如果成长型股票今年开始复苏,我们可能会看到与2021年相反的情况发生,当时标准普尔指数走高,而许多成长型股票却陷入困境。</blockquote></p><p><b>Understand the risks</b></p><p><blockquote><b>了解风险</b></blockquote></p><p>There's a large gap between the largest stocks in the indexes and the smaller ones underneath. I think there is a good chance that this gap will close, but nobody knows for sure when that will happen.</p><p><blockquote>指数中最大的股票与下方较小的股票之间存在很大差距。我认为这个差距很有可能会缩小,但没有人确切知道什么时候会发生。</blockquote></p><p>The price movement that happened throughout most of 2021 may continue through 2022. Perhaps a significant economic event will occur that is unforeseen and changes everything.</p><p><blockquote>2021年大部分时间发生的价格变动可能会持续到2022年。也许会发生一个不可预见的重大经济事件,改变一切。</blockquote></p><p></p><p>The point is that you can't know for sure; you can only look at facts to get a sense of what's happening around you. The best way to position your investments for success is to identify high-quality stocks whether small-, mid-, or large-cap, take a long-term approach with your holdings, and manage your risk appetite. If you do that, you're bound to have success in 2022 and beyond.</p><p><blockquote>关键是你不能确定;你只能看事实来了解你周围发生的事情。成功定位投资的最佳方法是识别优质股票,无论是小型、中型还是大型股票,对您的持股采取长期态度,并管理您的风险偏好。如果你这样做了,你一定会在2022年及以后取得成功。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.fool.com/investing/2022/01/10/how-to-beat-the-sp-500-in-2022/\">Motley Fool</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://www.fool.com/investing/2022/01/10/how-to-beat-the-sp-500-in-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117665745","content_text":"Famous investor Warren Buffett is famous for (among other things)winning a bet that money parked in an S&P 500 index fund would outperform professional money managers over 10 years. It's not easy to consistently beat a collection of the world's largest and most influential companies.But can it be done over one year? I think it can, and I'm going to show you the crazy blueprint to do just that in 2022. Here is why and how you could beat the S&P 500 this year.The anatomy of the S&P 500The S&P 500is an index constructed by a committee and owned by S&P Dow Jones Indices, a joint venture majority-owned byS&P Global, which specializes in analytics and information for the financial markets. The index includes 500 companies generally considered the most prominent in the United States and traditionally viewed as the best overall benchmark for the U.S. stock market.But these 500 companies aren't represented equally. The top 10 highest-weighted members make up roughly 30% of the entire index. These companies include:AppleMicrosoftAmazonAlphabet(Class A shares)TeslaAlphabet (Class C shares)MetaPlatformsNvidiaBerkshireHathaway(Class B shares)UnitedHealthGroupThat leaves the other 70% for the other 490 stocks. A broad market movement such as a bull market can move the index, but these larger members can also influence the index if their price movement is dramatic enough.Many top members have stretched valuationsA similar situation could be playing out in the index right now -- the S&P 500 is only 3% away from its all-time high. But the broader stock market doesn't seem relatively healthy if you look closer.For example, let's look at the 500 stocks in the index. Only 357 of them are above their 200-day moving average, which indicates a stock's price momentum by averaging its closing price over the past 200 market sessions. In other words, more than one in four S&P 500 components are struggling right now.If we look at the Nasdaq, a fellow index that concentrates on technology stocks, just over one in four stocks are above their 200-day moving average. Put another way, more than three-quarters of the Nasdaq's stocks have negative price momentum!It seems that tech companies are broadly having a tough time right now, which could be explained by the ongoing high inflation threatening to cause increased interest rates. Higher interest rates cancause stock valuations to decrease.Some mega-cap stocks that sit at the top of the S&P 500 have remained popular, which has resulted in continued price appreciation and high valuations.AAPL PE RATIODATA BYYCHARTS.PE = PRICE-TO-EARNINGS.Now, the S&P 500 is at a price-to-earnings (PE) ratio of 24.5, roughly 50% higher than its historical average of 16. Nobody knows what will happen in the future, but it seems that the weakness of lower-weighted stocks in the major indexes could indicate the actual condition of the markets. If the mega-caps finally begin to correct, it could accelerate the decline of the S&P 500.Going against the grain for gainsThis scenario is an opportunity to outperform the market. Human nature makes it feel \"safe\" to go buy the stocks that have already been going higher, but the real opportunity might be in the beaten-down stocks, those that have lost 50% to 80% over the past year.It doesn't mean chasing low-quality stocks that are overly speculative or businesses losing tons of money. But the overall sentiment in the growth universe has brought most stocks down; quality names trading at expensive valuations have become reasonable or even cheap in some instances.If growth stocks begin recovering this year, we could see the opposite of 2021 occur, when the S&P marched higher while many growth stocks floundered.Understand the risksThere's a large gap between the largest stocks in the indexes and the smaller ones underneath. I think there is a good chance that this gap will close, but nobody knows for sure when that will happen.The price movement that happened throughout most of 2021 may continue through 2022. Perhaps a significant economic event will occur that is unforeseen and changes everything.The point is that you can't know for sure; you can only look at facts to get a sense of what's happening around you. The best way to position your investments for success is to identify high-quality stocks whether small-, mid-, or large-cap, take a long-term approach with your holdings, and manage your risk appetite. If you do that, you're bound to have success in 2022 and beyond.","news_type":1,"symbols_score_info":{".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":4048,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/694362424"}
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