Where to Invest $5,000 in a 2023 Nasdaq Bear Market
The bear market afflicting the Nasdaq Composite (NASDAQINDEX: ^IXIC) over the past year was felt by many investors. 2023 may signal the beginning of a turnaround of this volatile period, but there's no way for an investor to predict for sure. Meanwhile, the index is still trading down by double digits from its all-time high.
The stock market's history taught investors that while some bear environments may resolve in weeks, others continue for months, or even a few years. Regardless, in all cases, no bear market has continued indefinitely, and the market not only recovered but rebounded from these periods without fail. This means that investors right now could be witnessing a perfect moment to beef up their portfolios with great businesses trading down.
If you have $5,000 to invest in the current market -- money that you won't soon need for expenses or bills -- here are two Nasdaq stocks to consider adding to your buy basket right now.
Source Fool.com
