2 Incredible Stocks to Help You Build Retirement Wealth
Even if your retirement is still decades away, the choices that you make now about your portfolio can have long-lasting ramifications for your financial health. If you're looking for quality businesses that have multiple and durable tailwinds to generate future growth, here are two such stocks to consider adding to your buy list this month.
With discretionary spending like travel remaining below pre-pandemic levels as consumers weigh every cost more carefully and the price of travel rises, it's not surprising that a stock like Airbnb (NASDAQ: ABNB) has seen a steady decline in recent months as other growth stocks have dipped to all-time lows. And it's reasonable to expect that these trends will take time to resolve, particularly while inflation remains high, and consumers are still on edge about the possibility of a recession.
Even so, few travel stocks have seen the type of recovery Airbnb's business has since the doldrums of the pandemic, and with good reason. Unlike a traditional hotel chain, Airbnb's platform has many different sources of growth to tap into, even in the current environment -- including business travelers, temporarily remote workers, digital nomads, and vacationers. And more and more people are actually living in Airbnbs, rather than just staying in them for shorter periods, as they would in a hotel.
Source Fool.com
