SQ - Got $3000? These Stocks Are Worth Buying Even Near Their 52-Week Highs
If you entered 2020 wondering whether you have the stomach to invest in the stock market over the long term, the past four months have likely answered that question.
The uncertainty tied to the coronavirus disease 2019 (COVID-19) pandemic initially caused the broad-based S&P 500 to crater at a faster pace than we've ever witnessed before. It took only 17 trading sessions for the widely followed index to lose at least 20% of its value (officially marking a bear market), and 33 calendar days to peak at a loss of 34% on March 23.
However, in the subsequent 11 weeks, we've witnessed the benchmark S&P 500 bounce more than 40% off of its lows, and watched as the technology-heavy Nasdaq Composite crested the 10,000-point plateau for the first time ever. Investors who didn't have a long-term mindset and panic-sold in late February or March are likely kicking themselves.