Stock Market Sell-Off: 3 Top Growth Stocks to Buy and Hold in May (and Beyond)
A market crash is a sudden and dramatic drop in prices across a broad index of stocks, usually by at least 20%. The description is open to some interpretation, but many investors would argue that we've crossed that threshold. The growth-heavy Nasdaq Composite is down 28% from its high, and the broader S&P 500 has fallen 17%. What should you do?
It never feels good to lose money, but it's the price of admission if you want to participate in the stock market. In the last six decades, the S&P 500 has fallen by 10% or more on 31 different occasions. That's roughly once every 1.9 years. However, excluding the current situation, the losses from each of those market crashes were subsequently wiped away by a bull run. Put another way, now is likely a good time to put money into the market.
Here are three top growth stocks you might want to consider buying in May and holding onto while the market works its way back to recovery.
Source Fool.com
