This article is about beating average stock market returns, but let's begin by acknowledging how great "average" actually is. For example, $10,000 invested in the S&P 500 30 years ago -- 1991 -- would be worth over $110,000 today. And if you regularly added to your investment over those 30 years, chances are you'd be approaching retirement-ready status by now.
Average is adequate when trying to reach your financial goals. However, I believe average Joes and Janes can achieve even better-than-average returns by selectively choosing great stocks and holding them for years, allowing returns to compound.
Cathie Wood is head of Ark Invest, a company managing several funds that are popular with investors. And Ark Invest's holdings are full of great market-beating stock ideas. Among these are financial technology company Square (NYSE: SQ) , streaming-TV platform Roku (NASDAQ: ROKU) , and telehealth services company Teladoc Health (NYSE: TDOC) .
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3 Cathie Wood Stocks That Could Deliver Bigger Gains Than the Market