If This One Thing Happens in 2022, I'll Buy More Lemonade Stock in a Heartbeat
I regularly add new stocks to my portfolio, and insurance-technology company Lemonade (NYSE: LMND) was one of the final companies I added in 2020. And after just a couple of months, my investment had already doubled in value. But that was before the stock crashed back down to earth, cutting my initial investment in half.
My experience with Lemonade demonstrates a stock market truth: Volatility is pervasive in the short term. However, time typically irons out volatility. Good businesses will create shareholder value as time marches on, bad businesses will destroy it, and the stock price will eventually reflect this either way.
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Source Fool.com
