Investors have many options when it comes to investing for retirement.

Among the available strategies are to invest in index funds, mutual funds, ETFs or choose individual stocks. Benzinga recently asked which of the Magnificent 7 stocks was the best option for retirement.

What Happened: The Magnificent 7 stocks, a select group of highly valuable and widely recognized investments, are often associated with high-growth financials and leading companies in the technology sector.

The Magnificent 7 stocks are Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA) and Tesla Inc (NASDAQ:TSLA).

"If you had to invest your entire retirement account into just one Magnificent 7 stock, which would you choose?" Benzinga asked.

Here are the results:

• Nvidia: 33%
• Apple: 21%
• Microsoft: 17%
• Amazon: 14%
• Tesla: 7%
• Alphabet: 4%
• Meta Platforms: 4%

The results are hardly surprising given Nvidia's status as one of the most talked-about growth stories in recent years, with the stock significantly outperforming over the past year.

Apple ranked second in the poll and comes as the company is among the top performers over the last five years and has a loyal fan base.

Read Also: Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Why It's Important: The Magnificent 7 stocks have outperformed the broader stock market over the last five years and 10 years based on the returns compared to the SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the S&P 500.

Here's a look at the five-year and 10-year returns of the Magnificent 7 stocks:

• Nvidia: 5-Year +2,962%, 10-Year +25,603%
• Apple: 5-Year +337%, 10-Year +822%
• Microsoft: 5-Year +200%, 10-Year +802%
• Amazon: 5-Year +95%, 10-Year +900%
• Tesla: 5-Year +1,291%, 10-Year +1,031%
• Alphabet: 5-Year +177%, 10-Year +451%
• Meta: 5-Year +180%, 10-Year +572%

For comparison, the SPDR S&P 500 ETF is up 92% over the last five years and up 179% over the last 10 years. Each of the Magnificent 7 stocks beats the ETF for both time periods, with many more than doubling its returns.

Nvidia recently topped a poll on which Magnificent 7 stock Benzinga readers would invest $1,000 in today. It was Amazon.com that topped Nvidia in a poll on which Magnificent 7 stock could best weather a recession.

For investors looking to get exposure to all the Magnificent 7 stocks, there is also the Roundhill Magnificent Seven ETF (NASDAQ:MAGS), which holds the seven companies.

• Poll Finds Over 70% Believe 2024 Stock Market Peak Not Yet Reached

The study was conducted by Benzinga on Aug. 26 and Aug. 27, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 112 adults.

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