Bear Market Buys: 3 Innovative Stocks Down as Much as 93% That Can Double Your Money in 3 Years
It's been a challenging year for the investing community. Since hitting their respective all-time highs in the first week of January, the widely followed S&P 500 and iconic Dow Jones Industrial Average have fallen by 14% and 10%, respectively, through this past weekend.
Things have been even worse for the growth-focused Nasdaq Composite, which is down 23% from its November closing high. With its decline of greater than 20%, the Nasdaq has entered a bear market.
Although the velocity of downside moves during bear markets can be scary and tug at investors' heartstrings, history is pretty clear that these declines are the ideal time to put your money to work. After all, every major correction and bear market has eventually been wiped away by a bull market rally. In other words, buying innovative businesses during corrections and allowing your investment thesis to take shape over time is usually a moneymaking strategy.
Source Fool.com
