The S&P 500 index of leading US companies includes some that have seen massive success in the past few years, from Nvidia to Apple.
I owned Apple shares several years ago and both it and Nvidia are on my shopping list if they become available again at what I think is an attractive valuation.
in recent months though, I have bought some FTSE 100 shares but not S&P 500 ones. Here’s why.
Buffett on the circle of competence
A basic but important consideration is that, like billionaire investor Warren Buffett, I think I can give myself the best chance of stock market success by sticking to what I know and understand. Buffett refers to it as a circle of competence.
I understand a fair bit of the US economy and do invest in some US stocks. But overall, I have a better handle on what is happening in the UK, so feel better able to spot some investment opportunities here.
Take JD Sports Fashion (LSE: JD) as…
