3 Reasons You Should (Still) Be Buying Growth Stocks Right Now
It's not an easy time to be a faint-of-heart investor. With the market down by more than 22% this year, we're falling deeper into the bear market, and growth stocks are leading the descent.
Rather than panic selling some of your growth stocks or refusing to consider them altogether, it's probably in your best interest to be a net buyer, even if the market continues to drop. That idea might sound crazy, but be sure to consider these three reasons to keep investing before writing it off.
The market is always changing, and thus relatively short-term downward trends eventually reverse. On average, bear markets last for a year, give or take a month or so. There's no use in trying to time the market by predicting the very bottom of the bear market and investing at that precise moment, as it's highly unlikely that you'll nail the entry point, and you might lose out on growth while waiting on the sidelines for the right time to roll around. So what should you do with the information that bear markets aren't permanent?
Source Fool.com
