3 Stocks I think Should Be Included In Every Million Dollar Portfolio

"Given the inflationary forces at play in recent decades, achieving a seven-digit portfolio isn't what it once used to be. In fact, most personal finance experts recommend that baby boomers have, on average, around $900,000 saved for retirement in order to maintain most individual's lifestyles over the course of retirement. Of course, those planning some fancy vacations or spending money at a greater rate will need well over $1 million to fulfill these goals."

"The Magnificent 7 stock I've been most bullish on of late is Alphabet ( NASDAQ:GOOG). Long-term investors who require significant capital appreciation to offset the impacts inflation have benefited from holding stocks like Alphabet in their portfolio over the long-term. In my view, nothing has notably changed about Alphabet's long-term growth trajectory, and in fact, recent headlines suggest that Alphabet could be moving toward growth reaccelerating in the coming quarters."

"The company's substantial investment in artificial intelligence (AI) via the company's Gemini model has led to a market leadership position in the highly-sought after LLM space. The thing is, for Alphabet's core search business, AI has posed a unique threat that few other technologies have in recent history. Thus, the company's ability to maintain a market leadership position in the world of AI is more important than with other companies."

Inflation has increased the amount of savings needed to preserve retirement lifestyles, with many advisors citing roughly $900,000 for baby boomers and over $1 million for more active spending. Significant capital appreciation is required to counteract inflation over long retirements, making select growth stocks important portfolio components. Alphabet stands out due to heavy AI investment through the Gemini model, a leadership position in large language models, and robust cloud revenue growth (35% year-over-year). Protecting search leadership via AI is critical, and increased institutional investment signals renewed confidence in Alphabet's growth trajectory.

Read at 24/7 Wall St.