2 Great Stocks You Can Buy on Sale Right Now
When your portfolio is rising, it's easy to be a long-term investor. But it's much harder to maintain that mindset when prices plunge. It can be unnerving to watch a stock drop 30% (or more), but it's something you'll likely encounter many times, especially if you invest in growth stocks.
So, how should you handle those situations? First, remind yourself that no one knows the future. You may be tempted to sell your position and buy it back at a later date, but trying to time the market rarely works. Second, revisit your investment thesis. If everything still checks out, then consider doing nothing or even adding to your position.
With that in mind, Pinterest (NYSE: PINS) and UiPath (NYSE: PATH) are down 39% and 40%, respectively, from their all-time highs. In both cases, these declines were brought on by financial guidance that failed to meet Wall Street's expectations. But Pinterest and UiPath still look like smart long-term investments. Here's why.
Source Fool.com
