Some investors may have heard of the September Effect, which is a phenomenon in which stocks tend to drop slightly in September in markets around the world. Since World War II, the S&P 500 has dropped by an average of 0.5% in September. The Dow Jones Industrial Average, for its part, declines an average of 0.8% during the month.
So what should savvy, long-term investors do to outsmart the September Effect? Absolutely nothing. Speculating on what the market might do is not a good way to build wealth. Instead, focus your attention on finding great companies that have the potential to beat the market over the long term -- September Effect be darned -- and let the other investors worry about what month it is.
To help you do that, a handful of Motley Fool contributors have put together a list of five top stocks for you to consider buying this month. Here's why Chewy (NYSE: CHWY), Semler Scientific (OTC: SMLR), Peloton Interactive (NASDAQ: PTON), Amazon.com (NASDAQ: AMZN), and Shopify (NYSE: SHOP) make the cut.
Source Fool.com