Where to Invest During Today’s Melt Up? Buy These Stocks!

You rarely need to reinvent the wheel when it comes to investing…

The ideas and principles that make great investors don’t change much over time. We’ve already learned those lessons. But putting them to work can be more difficult.

People get antsy, after all.

They always want to outdo the past. And they convince themselves that doing something new is better than following what’s proven to work.

You can and should update your ideas, of course. But the need to make dramatic shifts is rare…

The key is finding what works best for you. And just as important is understanding your environment and investing appropriately.

Right now, the Melt Up is underway. And that, more than anything, is what should drive your investment decisions.

Let me explain…

There are lots of ways to invest successfully. You can follow the deep value principles of Warren Buffett or the pure trend analysis of Paul Tudor Jones. You can trade options or invest in blue chips.

None of these methods are inherently better than the rest. But one of them will be the best fit for you.

That means figuring out your perfect fit is one of the most important things you can do to grow your wealth. But you can’t stop there.

You’ve also got to understand the environment you’re in. You’d have to invest differently in a bear market than you would right now, a decade into a boom.

That point is crucial today. We’re smack-dab in the middle of the Melt Up, after all.

This is the final blow-off top of a 10-year bull market. It’s where the biggest and most explosive gains can occur. And it would be foolish not to consider that specific backdrop when you put money to work today.

So, what do we do? What exactly do we buy?

We could try to reinvent the wheel… We could search for one company that could be the newest and biggest winner in today’s Melt Up… But why bother? We already know what’s proven to work.

If you want to make big money in this Melt Up, then you need to look at what soared during the last Melt Up.

There’s no need to get creative. The chart below tells us exactly what to do…

The last Melt Up didn’t cause a huge rise in the entire market. The Dow Jones Industrial Average hardly moved higher at all.

Instead, the tech-heavy Nasdaq is what soared. It jumped triple digits in the last year of the boom alone.

Armed with this knowledge, the question of where to invest today is simple… Buy what took off in the last Melt Up. Buy tech stocks!

The simplest way to do this is through the Technology Select Sector SPDR Fund (XLK). The fund holds a basket of the biggest and best technology companies in the U.S.

These are the exact kinds of businesses that soared in the last Melt Up. So instead of reinventing the wheel, I urge you to keep it simple.

Technology companies were the big winner in the last Melt Up. And that will probably be the case this time around, too. You can take advantage of it with a single click through shares of XLK. Don’t miss out.

Good investing,

Brett Eversole

Your One-Step Inflation Survival Guide [sponsor]
With accelerating inflation and declining stocks, you likely need a different investing approach. A 20-year market veteran shares an easy one-step plan, including details on his No. 1 GOLD recommendation today, right here.

Source: Daily Wealth