This Magnificent Growth Stock Is Down 51%. Buy It Before It Sets a New All-Time High
The market has been doing some flip-flopping during the past two weeks, with the Nasdaq Composite officially in a correction and the S&P 500 entering one briefly. Investors are nervous about an economic slowdown, with new tariffs looming that could hurt company earnings.Not to downplay what could significantly affect your portfolio, but most investors should be able to manage through the challenge. Older investors should have most of their funds in secure, dividend-paying stocks that can withstand brutal market conditions, and younger investors have the time to plow through and see their investments rebound and grow over many years or decades.If you're in the latter camp, you can follow Warren Buffett's advice to be greedy when others are fearful and scoop up shares of excellent stocks on the dip. I recommend SoFi Technologies (NASDAQ: SOFI), which is 51% off of its peak, but may not stay down for too much longer.Continue reading
The market has been doing some flip-flopping during the past two weeks, with the Nasdaq Composite officially in a correction and the S&P 500 entering one briefly. Investors are nervous about an economic slowdown, with new tariffs looming that could hurt company earnings.
Not to downplay what could significantly affect your portfolio, but most investors should be able to manage through the challenge. Older investors should have most of their funds in secure, dividend-paying stocks that can withstand brutal market conditions, and younger investors have the time to plow through and see their investments rebound and grow over many years or decades.
If you're in the latter camp, you can follow Warren Buffett's advice to be greedy when others are fearful and scoop up shares of excellent stocks on the dip. I recommend SoFi Technologies (NASDAQ: SOFI), which is 51% off of its peak, but may not stay down for too much longer.
