Don't take one day of a 354 point rise in the Dow to start the celebrations. (The markets may open flat today -- or not -- based on the overnight futures).
Patience is the key to any good investment strategy.
Most the the increase was because of Amazon. Who cares? How about the other 499 stocks? Hope you get my point.
I've never cared about the FANG stocks much. So maybe I missed on the big upswing. But I'll bet I miss on the big down side. What goes up fast goes down faster.
Here's a weekly chart of the boring Russell 2000 Ishares ETF (IWM), which represents 2,000 smaller companies. Nothing to write home about yet. keep your power dry.
Portfolio Return as of 12/31/22:
2022: -.019% (SP500 -18.01%)
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