Have $2,500? Then Buy These 4 Cash-Rich Stocks Now
Growing your wealth takes time and patience -- both of which have been put to the test in a big way over the past month.
The spread of the coronavirus disease (COVID-19) across the globe has wreaked havoc on equities, commodities, and bonds, leaving little refuge for investors. The uncertainty created by COVID-19 and the rising possibility of a recession has been particularly noticeable in the stock market, which plunged into bear-market territory faster than at any other time in history -- it took only 16 trading days. What's more, over a 22-session stretch, the value of the market-cap-weighted S&P 500 has fallen by 32% through this past weekend.
If you're a trader, it's been absolutely brutal. But if you're buying high-quality businesses for the long haul, then this decline could represent the opportunity of a lifetime.
Source Fool.com
