3 Growth Stocks That New Investors Should Own for 2023
If you were a new investor in 2022, it was undoubtedly challenging. After years of positive annual returns, 2022 has been way different. The Nasdaq Composite index has fallen nearly 27% year to date, and it's been down as much as 34% at some points this year.
However, these lower prices can be gifts to new, long-term investors. Some stocks haven't been this cheap in years, providing incredible opportunities to buy top-notch businesses at a discount. Airbnb (NASDAQ: ABNB), PubMatic (NASDAQ: PUBM), and MercadoLibre (NASDAQ: MELI) could be some of those stocks.
The most important aspect for new investors when building a portfolio is to create a bedrock of safe stocks. However, if you've done that and you're looking to add some higher-growth ones, you might want to consider these three businesses.
Source Fool.com
