Home Business News The top 10 most popular stocks averaged a return of 67% over 2023

The top 10 most popular stocks averaged a return of 67% over 2023

by LLB Finance Reporter
13th Dec 23 11:53 am

Personal finance website finder.com has been tracking the performance of the 10 stocks in a live chart throughout 2023, to find out which was the best investment.

Only three stocks from the top 10 have lost value

Only 3 out of the top 10 most popular stocks lost value since the start of 2023. In fact, the average return of an equally weighted portfolio of these 10 stocks, would have returned a staggering 67% by the 11th of December 2023.

Meaning that an equally divided portfolio of £10,000 in the 10 stocks would have been worth £16,737.66 by the 11th of December 2023.

The 3 stocks that lost value are Nio, Alibaba and Paypal, losing 20%, 22% and 21% respectively.

NVIDIA eclipsed all other stocks

Perhaps unsurprisingly, NVIDIA eclipsed all rival stocks, returning 65 percentage points more than Meta, the next closest competitor.

Tax deductions: Keep more of your money

Buying NVIDIA on the first market day of 2023, would have returned 226% by the 11th of December. This means that, over the course of one year, shareholders would have triple their initial investment.

A £1,000 investment at the start of 2023 would have returned £3,257.21 by the 11th of December 2023.

Close race for second place between Meta and Tesla

Tech giant Meta and EV manufacturer Tesla competed for second best when it comes to investment returns. The two companies battled throughout the year and exchanged places multiple times.

Meta took the lead around the end of September and this lead was solidified when Tesla’s shares slumped as a result of worse-than-expected Q3 financials in the middle of October.

Both stocks have yielded tremendous returns, with a fictitious £1,000 investment at the start of 2023 in Meta returning £2,607.66 by the 11th of December. The same investment in Tesla would have returned £2,217.76 over this period.

Leave a Comment

You may also like

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]