Want $10,000? Just Invest $1,000 in These Great Stocks and Wait
For more than five months, Wall Street and investors have dealt with some of the wildest vacillations in stock market history. The coronavirus disease 2019 (COVID-19) pandemic initially lopped 34% off of the benchmark S&P 500 in less than five weeks. Then, during the second quarter, the broad-based index turned in its best quarter since 1998.
If you're a short-term trader, it's probably been a nauseating ride. But for long-term investors, it's just another bump in the road to reaching financial independence. That's because every single stock market correction in history has eventually proved to be an opportunity to buy great stocks at a discounted price. The same will eventually be said for the coronavirus pandemic bear market.
But picking out great stocks to buy is only half the challenge. Holding onto these positions for lengthy periods of time is the other half of the formula needed to generate significant returns.
Source Fool.com
