Got $10,000? 2 Top Fintech Stocks to Buy for the Long Term
If you have $10,000 available to invest after paying off debt and setting up an emergency fund, there's a world of opportunity in the current market. The key here is patience. We might be settling in for a bear market, and it might not let up until interest rates begin to come down. But you can't time the market, so if you see great deals today, you don't want to miss the chance to buy them.
Fintech is a sector that's been hit hard in this market. Financial services companies are acutely affected by macroeconomic changes, and tech stocks, which often sport high valuations, have faltered in an environment that prizes value over growth. If you focus on the bigger picture, though, many of these companies have winning, high-growth businesses that should benefit shareholders in the long term. PayPal Holdings (NASDAQ: PYPL) and Global-e Online (NASDAQ: GLBE) are two of my favorite stocks with enormous long-term potential.
The original digital payment company, PayPal hasn't let up on its leading position. It has upgraded, acquired, and improved its way to staying on top of this industry, and it can stay there comfortably for many years to come.
Source Fool.com
