5 Top Stocks to Secure Your Financial Freedom
There's little question that the coronavirus disease 2019 (COVID-19) pandemic has tested the resolve of investors like nothing before. Even though the peak-to-trough decline in the broad-based S&P 500 of 57% during the Great Recession is considerably higher than the peak decline of 34% during the COVID-19 pandemic, the big difference is that it took just 33 calendar days for the benchmark index to shed 34% due to coronavirus uncertainty.
While clearly worrisome, this panic-driven decline has opened the door for long-term investors to pick up high-quality companies on the cheap. Even though we may not know how long a bear market might last, what we do know is that, over the long run, time-tested businesses tend to increase in value.
In other words, this bear market is an opportunity to secure your financial freedom by putting your money to work in great businesses. Here are five top stocks that can help you in your quest for financial independence.
Source Fool.com
