Investing $1,000 in These 3 Stocks Would Be a Smart Move
It's been a trying time to be an investor in the stock market. Despite more than a decade of stellar returns, investors' memories have been marred by what's happened over the short term. Namely, the stock market crash caused by the coronavirus disease 2019 (COVID-19) that wiped 34% off of the broad-based S&P 500 in a matter of 33 calendar days. It was the steepest descent into a bear market in history, and it led to record-breaking volatility, as measured by the CBOE Volatility Index.
Yet, no matter what the stock market throws our way, one constant remains: the success of long-term-oriented investors. Although we can't discern where the market will bottom or how long a bear market will last, history has definitely shown that, when given the proper amount of time, bear markets have always proved to be excellent buying opportunities for investors.
And remember, you don't have to be rich to get rich investing in the stock market. If you have even $1,000 in disposable income that isn't needed for bills or emergency savings, putting it to work in the following three stocks would be an incredibly smart move.
Source Fool.com
