Growth Stocks Are Selling Off Again -- Here's How to Handle Stock Market Volatility
The stock market has been difficult to navigate in 2022. Stocks have been extremely volatile, and this week we saw another growth stock sell off. That's right, growth stocks are going down again. So what should you do next? I have been investing for over 20 years, and I would like to share my thoughts and experiences to help you navigate these turbulent waters.
In the video below, I discuss a variety of topics, including my thoughts on which stocks to buy now. Upstart (NASDAQ: UPST), which is one of the stocks covered, is a hypergrowth fintech company that harnesses the power of artificial intelligence to disrupt conventional banking loans and replace the FICO credit score. Upstart's platform uses over 1,500 variables to originate lending decisions for personal and auto loans. The company has been increasing its partnership network, and the total addressable market for auto loans alone is over $725 billion annually. Considering its guidance is merely $1.5 billion, the possibilities for growth are considerable.
That said, Upstart does have several shorter-term risks to consider. I believe the stock will remain volatile and trade in a range for some time. This creates an opportunity for long-term investors to accumulate shares. Here are three Upstart risks to consider:
Source Fool.com
