The past year has been terrible for growth stocks as surging inflation, high interest rates, and fears of an economic slowdown led investors to park their funds in safer assets, which explains why shares of some fast-growing companies took a big beating.

(NASDAQ: TSLA), for instance, is down 19% in the past year, while Cloudflare (NYSE: NET) gained just 4% despite impressive growth. The past three months haven't been great for these tech stocks, either, as they dropped due to concerns that their growth is slowing.

But if you have $1,000 in investible cash right now -- which means that your bills are paid, there are no high-interest loans or credit card debt to service, and you have saved enough for a rainy day -- then it might be a good idea to put that money in these two stocks, either individually or combined. Let's look at the reasons why.

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Source Fool.com