October doesn't have a great reputation when it comes to stock market performance. The Dow Jones index plunged nearly 23% in a single day on Oct. 19, 1987. Then there's the most infamous October of all in 1929 when a market meltdown at the beginning of the Great Depression.
While October has historically been relatively volatile for stocks, stocks often perform quite well during the month. For example, the S&P 500 index rose during the month of October in seven out of the last 10 years. Of course, we're just talking about how stocks have performed in just a month. Investors focused on the long term aren't concerned with these temporary fluctuations.
The bottom line is that October is as good of a time as any to invest in stocks that are well-positioned to succeed over the long run. Here are three stocks to buy this month that definitely fit the bill.
Source Fool.com