2 Buffett Stocks to Buy More Of In October
Billionaire investor Warren Buffett doesn't focus on the short term when he buys a stock. Instead, he looks at what that company may bring to his portfolio over time. That's a great investment strategy no matter what the market is doing. But when the market is down, this strategy is particularly useful. It can keep you moving in the right direction along the investment path. Instead of fleeing the market, hang in there and buy stocks that may grow your portfolio over the long term.
So, in this month of October, as the bear market continues, how about picking up a couple of Buffett favorites? One is a leader in two high-growth markets. The other offers an interesting and low-risk way to bet on the healthcare market. Let's take a closer look at each.
Amazon (NASDAQ: AMZN) is a leader in e-commerce and cloud computing. Both of these markets are forecast to grow in the double digits over the coming years. Right now, e-commerce -- like retail in general -- is tough. Higher inflation is weighing on Amazon's transport costs, and it's also hurting customers' wallets.
Source Fool.com
