The market is losing ground after coming very close to ending the current bear market. The S 500 was up almost 20% in 2023 at the end of July, less than 4% off its previous high in early 2022. It has declined about 5% since the beginning of August as retailers deliver some dismal reports reflecting the state of the economy and the Federal Reserve went back to raising interest rates, signaling that inflation is still a major concern.

Investor enthusiasm is still holding up the market, and a bull market is coming eventually. To get ready, buy some excellent stocks that could power your performance for the years ahead. Warren Buffett's portfolio is a great place to get inspiration, and Nu Holdings (NYSE: NU) and (NYSE: V) are two great choices.

Nu is a Latin American fintech company based in Brazil that's been making waves in the two other countries it serves (Colombia and Mexico). It has been posting soaring growth over the past few years and has become profitable as well, and there's no end in sight to its opportunities.

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Source Fool.com