Nasdaq Correction: Can Buying These 2 Safe Stocks Today Set You Up for Life?
These two blue chip stocks should durably grow over the next 10 years.
The Nasdaq has entered a correction. A stock market correction means a decline of between 10% and 20% from all-time highs (a 20% decline officially triggers a bear market). As of this writing, after hours on March 11, the Nasdaq-100 index (NASDAQ: QQQ) is down 12.6% from its highs, triggering an official stock market correction.
Stock market downturns are not fun. You might feel like it is time to shy away from the market until the storm passes. However, that is the exact wrong instinct to have if your goal is to buy and hold high-quality stocks at a reasonable price. Smart investors embrace market corrections. Today, I see two bargain opportunities with blue chip stocks that are down over 20% from highs: Alphabet (NASDAQ: GOOG) and American Express (NYSE: AXP).
Could buying these two stocks set you up for life?
