Got $1,000? Buy These 4 Beaten-Down Stocks Right Now
This has been a truly unforgettable year if you're an investor. Amid record-breaking levels of volatility, we've witnessed the S&P 500 lose more than a third of its value in a five-week stretch, as well as the technology-dependent Nasdaq Composite set more than two dozen all-time closing highs. No one really has any clue what to expect next as a result of the coronavirus pandemic.
However, history has shown that periods of heightened volatility and fear are a great time to buy stocks. Despite inevitable stock market corrections and bear markets, the S&P 500 has historically gained 7% per year, inclusive of dividend reinvestment. In other words, the average investor can double their money once a decade, so it's a smart idea to pounce anytime great businesses go on sale.
And the best part about investing in today's stock market is that you don't need a mountain of cash to get started or to build wealth. If you've got $1,000 that won't be needed for bills or emergencies, you have more than enough to start buying quality stocks.
Source Fool.com
