3 Growth ETFs to Consider Buying During This Correction
It's no surprise that buying a basket of stocks is typically safer than buying individual stocks. By spreading out your investment over a few different companies, you're less exposed to the risk of individual businesses having a poor quarter or experiencing an event that negatively impacts their revenue.
And if you invest in an exchange-traded fund (ETF) that holds a few different companies in the same industry, you'll have an asset that tracks that industry's growth. Today, I'll be discussing a trio of ETFs that are oriented around the top stocks in cannabis and biotech, both of which are industries that are expected to expand considerably over the next decade and beyond.
Importantly, all three of the funds are down by quite a bit in comparison to their prices one year ago, which means that they're available at a discount. In the long run, they could still see incredible appreciation, and that's what might make them attractive to purchase right now.
Source Fool.com
