While going through a market downturn is incredibly painful, it’s important to keep your eyes on the prize because of the myriad opportunities for stock bargains. It might be a cliché to say this but it rings true; some of the greatest gains in wealth comes from patiently investing in viable companies and assets at a time when no one wants to touch the capital markets with a 20-foot pole. Better yet – if you’ll excuse my expression – the upcoming downturn could be one of the biggest in history.
Tech stocks have defined the market over the last decade. Up until this year, technology companies were on fire, outperforming other sectors handsomely. The Nasdaq-100 index, reflected in the Invesco QQQ Trust (NASDAQ:QQQ) exchange-traded fund, gained 394% over the last 10 years, while the S&P 500 index, as reflected in the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) saw a 212% gain. Naturally, the best stocks to buy benefitted immensely from robust economic growth and low-interest rates. So, why are
It is no secret that once high-flying growth stocks have fallen drastically in the ongoing correction. On an individual level, it is very easy to identify once-vaunted growth stocks that have since fallen dramatically. And on a more comprehensive, holistic level, the numbers bear out the same conclusion: Growth has tanked. The S&P 500 Pure Growth Index, a useful yardstick for measuring the movement of the sector, is down more than 20% year-to-date. On the one hand, there are plenty of opportunit