Have $1,000 to Invest in April? Consider Buying These 2 Stocks
The recent sharp drop in the overall stock market may have spooked some investors, leaving them on the sidelines for now. On the other hand, there are likely some opportunistic people willing to deploy capital into the market during this time. After all, famed investor Warren Buffett has often urged investors to "be greedy when others are fearful" in order to take advantage of great investment opportunities.
Consider Buffett's stance on stocks in October 2008, in the heat of the financial crisis sell-off. "The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher," wrote the Oracle of Omaha in a New York Times op-ed. "In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary. So ... I've been buying American stocks."
This is the sort of contrarian view investors need to succeed over the long haul. It's not easy, but it can be rewarding. Since Buffett wrote these words, the S&P 500 is up 173%.
Source Fool.com
