3 Great Stocks to Invest In With $500 Right Now
It's hard to believe there are still more than five months left in 2020, because Wall Street and investors have already experienced about a decade's worth of volatility crammed into the past couple of months.
The coronavirus disease 2019 (COVID-19) pandemic has done quite the number on the stock market. In less than a five-week stretch during the first quarter, the broad-based S&P 500 lost a whopping 34% of its value. Then, during the second quarter, the S&P 500 turned in its best performance in 22 years. No one has a clue what to expect next, and it clearly shows with the CBOE Volatility Index remaining well above its historic average.
But if there's good news to be had here, it's that periods of panic and volatility have always represented a buying opportunity for long-term investors. Every single stock market correction in the S&P 500 (save for the existing correction) has eventually been put into the rearview mirror by a bull market rally. That bodes well for patient investors who choose to invest their money into game-changing businesses.
Source Fool.com
