3 Stocks That Can Make You Rich
Following an 11-year bull market, the past three months have been highly unnerving for investors. Since the broad-based S&P 500 hit an all-time closing high exactly three months ago, on Feb. 19, 2020, we've witnessed the highest volatility reading in the CBOE Volatility Index's history, and saw the S&P 500 decline 34% in just 33 calendar days. This was the fastest drop into bear market territory (as well as the quickest 30% decline) ever recorded.
But the thing about bear markets is that they offer abundant opportunity to patient investors who are willing to put their money to work. We may not know when a stock market correction will end, or how steep of a pullback we could see, but historical data has shown that every single previous correction in the S&P 500, no matter how steep, was eventually erased by a bull market rally. One day in the future, that'll be the case for the coronavirus disease 2019 (COVID-19) bear market.
With the S&P 500 historically averaging a 7% annual gain, inclusive of dividend reinvestment, the stock market remains the best pathway for investors to use to get rich. If you dream of financial freedom, consider buying these three stocks to help get you there.
Source Fool.com
