{My Magnificent Duo} 2 Stocks to Start a Fantastic Growth Portfolio

Also tackled inside, what are the implications of a very strong Nasdaq? All in this email! Sponsored [Build Wealth 10x Faster By Doing This]( As you know, the stock market has been volatile lately, and there's a lot of uncertainty in the air. But we want to assure you that this is not the time to panic. In fact, it's the time to be buying stocks.[Go HERE to Get Their Names And Ticker Symbols]( By clicking the link you are subscribing to the Summa Money Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures](  Here are Stocks to Build a Steady Income and Portfolio Growth [Image]  Hello Stock Traders  For today’s write-up, I’ll let you dive into my stock portfolio, which I fondly refer to as the "Magnificent Duo." We're talking about two high-yielding stocks that I consider the crème de la crème of my investments. They make up nearly a quarter of my portfolio. And let's just say I wouldn't be shocked if they take up even more space in the future. Now, some of you might be thinking, "That doesn't sound like a lot." Well, remember, I hold about 125 stocks altogether. So, these two are my shining stars in a sea of stocks. Plus, they all come with an investment-grade credit rating, barring the ETF. The two of them have the "narrow moat" ranking from Morningstar. Sounds like a pretty sweet deal, right? And oh boy, have they performed! The average five-year return for these babies was a cool 115% compared to the S&P 500's 52%. Every one of the Magnificent Duo smashed the S&P 500's total return over the last five years. First up, we have Broadcom Inc. (AVGO). It's my fifth-largest holding, and let me tell you, it's a cash flow generating machine! With revenue of $8.915 billion last quarter, they churned out a whopping $3.9 billion in free cash flow. That's like making golden eggs without a golden goose! But here's the cherry on top - Broadcom's orders are booked solid for fiscal 2023. They're on fire, and the tech sector analysts think they're going to strike gold in the AI market. And their no-cancellation policy? Now, that's confidence. Yet, it's not all sunshine and roses. AVGO has a bit of an Apple problem. About 20% of their revenue is tied to Apple Inc. (AAPL), who's reportedly developing a WiFi/Bluetooth chip that might give Broadcom's chips a run for their money. Still, the proposed acquisition of VMware, Inc. (VMW) could balance out this potential hiccup, despite adding a hefty $40 billion in debt.  Now, let's talk about my only ETF in my portfolio – the Schwab U.S. Dividend Equity ETF™ (SCHD). Now, I won't lie, I'm not typically an ETF guy, but SCHD, that's a different story. It's like the secret sauce in my investment burger. Despite my combined ETF exposure being just over 10% of my holdings, SCHD holds a good 5% chunk of my portfolio. What sets SCHD apart? Well, it's like getting a two-for-one deal at your favorite store. You get the chance to match or even beat the market while simultaneously building a solid passive income stream. Sounds pretty nifty, right? But let's talk shop. The Magnificent Duo are magnificent for a reason. Broadcom Inc. hasn't had a share price setback in the last six months, and its forward P/E is under its 5-year average. As for Schwab U.S. Dividend Equity ETF™, it's got a current yield of 3.64% – a rate higher than the average yield for any year in the past decade, except 2020. So, what's the verdict? I say they're both decent buys. In fact, I've already added a little extra to my positions this month. Just a word of caution, though – there's a potential recession on the horizon. So, tread carefully, folks.  Trade safe!  -James  Coming Up Next: The Nasdaq appears to be too strong for our own good. Is it good or bad? Find out in the article below!   SPONSORED 🔽 Sponsored [A 100% Win Rate In 2022… Over The Past 6 Years...]( The next 10 minutes could change your life. We’ve recorded a special sit-down interview with a reclusive millionaire who details how he’s closed out winning trade after winning trade throughout the volatility of 2022. In fact, he hasn’t closed a single losing trade since 2016. Sounds impossible? It’s not - and he’ll prove it to you. [Click to see this exclusive sit-down interview.]( [Privacy Policy/Disclosures]( A 97-Year Anomaly: Tech Stocks Chart a Path Unseen Since 1924 If you've been around the block before, you'll know that investing can sometimes feel like a wild west showdown. Last year was a prime example - all our indices, the Dow Jones, the S&P 500, and the Nasdaq, found themselves knee-deep in bear market territory. Let's just say the Nasdaq was the one trying to dance with the bear, stumbling by a staggering 33%. Now, fast forward to 2023. A whole new ball game! The Dow's been enjoying a laid-back vacation, barely changing. But the Nasdaq? It's been shot out of a cannon, skyrocketing 17%. And who's leading this stellar parade? None other than these tech giants. As most of us already know, tech stocks have been outperforming their counterparts ever since the Great Recession said its goodbyes. The Federal Reserve, playing the fairy godmother, blessed these tech companies with cheap capital for over a decade, fueling their growth and innovation. If you're wondering how this magic potion worked - it's simple! Low borrowing costs, high risk appetites, and tech-savvy solutions led the way. But hold onto your hats! The tech sector seems to be going above and beyond, posting an outperformance relative to the S&P 500 that hasn't been seen since the 1920s. That’s wild! We're talking about a 97-year record here. This record-setting performance does give me a case of the jitters, though. Last time we saw something like this, the S&P 500 ended up stuck in the mud for quite a while. Now, I'm not one to spread doom and gloom, but there's a tiny voice inside my head (maybe it's the ghost of Wall Street past?) whispering caution. You see, tech stocks are pretty pricy these days, and there's a good chance they're going to have a tough time justifying their high valuations. For instance, take Nvidia - their P/E ratio has reached the cloud nine level of 68! The tech world is buzzing about AI's potential, and Nvidia's ties to it have investors drooling. But let's face it, we've all been around long enough to know that the "next big thing" often takes longer to arrive than we expect. And Nvidia's gaming revenue taking a nosedive doesn't exactly paint a rosy picture. It's a similar story to Apple. It's been a great year for them so far with a 33% surge, but Wall Street's outlook isn't as sunny. Despite all this, investors are still willing to pay a whopping 32 times the consensus earnings, even with sales expected to take a slide. Now, don't get me wrong, I love a shiny new iPhone as much as the next person, but these numbers do make me raise an eyebrow. Now, I'm not saying we're about to see the tech bubble pop and send unicorns flying all over the place. But these numbers do hint at a potential shift in the wind. We might see money start to flow into more defensive sectors, like healthcare. After all, people get sick regardless of how the economy is doing. Another possible winner could be the financial sector, which despite currently being the unloved child of Wall Street, might make a comeback as a top-performer in the early stages of a bull market. Lastly, don't forget about those small-cap stocks. Sure, they might not be as glamorous or headline-grabbing as the Apples and Nvidias of the world, but they've got potential. These scrappy underdogs could be the ones to keep an eye on. So, grab your umbrellas folks. There might be some economic showers on the horizon. But remember, the sun always shines after the rain. Here's to another wild ride on Wall Street!   Disclaimer:  The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.  Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.  Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.  Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. 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