2 Monster Growth Stocks to Buy and Hold Through any Recession
The Consumer Price Index hit a 40-year high this week, up 8.5% over the past year. To combat rising prices, the Federal Reserve has already raised its target interest rate by a quarter-point, and six more rate hikes are expected in 2022. But 28% of economists surveyed by The Wall Street Journal think the Fed will move too aggressively to combat inflation and will inadvertently tip the economy into a recession in the next 12 months. That figure is up from 18% in January's survey and 13% in a survey from last year.
Should you sell your stocks on this news? Absolutely not. The S&P 500 has generated an annualized return of 8.3% over the last three decades despite weathering several economic downturns during that time. If you try to time the market, you will likely get burned. Instead, focus on investing in high-quality businesses that can create wealth over the long term.
To get you started, here are two growth stocks with monster potential to consider.
Source Fool.com
