The stock market is nothing but volatile, and the market has made itself clear with that at the start of 2021. The SPDR S&P 500 ETF (NYSEMKT: SPY) is down over 7% year to date, with 2022 lows being 9% down and highs being in the positive territory for the year.
For long-term investors, however, drawdowns and volatility can be the opportunity to buy high-quality companies at major discounts. If an investor's time horizon is the next decade or two, these discounted prices might be a great time to add shares of some of your favorite stocks. If you want to make the most of this downturn, you might want to consider adding Coupang (NYSE: CPNG) and Doximity (NYSE: DOCS) to your portfolio.
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For further details see:
2 Explosive Growth Stocks to Buy in 2022 and Beyond