If I Could Buy Only 1 Stock in 2022, This Would Be It
This year has been volatile for the stock market so far. Many investors are pulling their money out of growth stocks and placing it in safe stocks and dividend stocks. That's a sensible strategy when there's confusion and prices of high-growth stocks are plummeting.
At the same time, low prices create an opportunity that won't necessarily be repeated. Consider that even many of the growth stocks that are losing high percentages of their value are still way above where they started before the crash in March 2020. Take, for example, digital freelance platform Fiverr International. Its stock is down 75% over the past year, but up 75% from its pre-crash price. Fintech company Block is down nearly 60% over the past year, but up 23% from March 2020.
Image source: Getty Images.
Source Fool.com
