Attention, Growth Stock Investors: Price Matters
If you can find the next Amazon.com or Apple early enough, the price you pay for the stock doesn't matter all that much. The main thing is that you're right about the company's growth potential.
This is not the same as saying price doesn't matter at all. For the past few years, and especially in 2020, buying the fastest-growing stocks without any regard for price has led to spectacular returns. Software stocks, electric car stocks, e-commerce stocks, and tech stocks in general have soared.
That situation has not remained true in 2021. The priciest growth stocks have been hammered, even though nothing has really changed in the underlying growth stories.
Source Fool.com
