ABNB - Have $1000? These 3 Stocks Could Be Bargain Buys for 2023 and Beyond.
2023-05-24 06:51:00 ET
As an investor, I've heard it all recently, and I'm sure you have as well. Things like "The economy is too challenging," "Stocks won't see gains for years," "Tech is dead," and on and on. Meanwhile, some of my favorite holdings, like Builders FirstSource , Palo Alto Networks , and CrowdStrike Holdings -- up 85%, 36%, and 39%, respectively, in 2023 -- offer serious returns.
So what gives? The fact is that the market is unpredictable in the short term and a wealth-building juggernaut over time. The best investors don't time the market; they pick fantastic companies in secular growth arenas, buy opportunistically , and stay invested for the long haul. Mellody Hobson, Princeton grad and co-CEO of Ariel Investments explains it like this: "We don't prognosticate macroeconomic factors. We're looking at our companies from a bottom-up perspective on their long-run prospects of returning."
So, how do we find these companies, and which are right for you? The Trade Desk (NASDAQ: TTD) , Progyny (NASDAQ: PGNY) , and Airbnb (NASDAQ: ABNB) are three unique opportunities to consider for those looking to start by investing $1,000 or adding it to an existing portfolio. Let's check out why.
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Have $1,000? These 3 Stocks Could Be Bargain Buys for 2023 and Beyond.