1 Magnificent Growth Stock Down 57% to Buy and Hold Forever
The broad market S&P 500 index is down 10% this year and off 14% from its peak, but it has climbed a bit from the low point it touched after President Donald Trump's broad tariff announcement tanked Wall Street a few weeks ago. The word out of the White House keeps changing, and the markets keep reacting.It can be disconcerting for investors to see the value of their portfolios evaporate, but unless you need the funds you have invested immediately, market turbulence can sometimes be a blessing in disguise. This sell-off has created an opportunity to buy some amazing stocks on sale.One such bargain is Sofi Technologies (NASDAQ: SOFI), which is down 29% year to date and 57% from its highs. It's underperforming the market, but not because of any business performance issues. Rather, shares of younger, riskier companies tend to take more of a blow when there's market turmoil and investors run to what they perceive as safer stocks. That gives you a fantastic opportunity to get a great deal on a growth stock you can buy now and hold forever.Continue reading
The broad market S&P 500 index is down 10% this year and off 14% from its peak, but it has climbed a bit from the low point it touched after President Donald Trump's broad tariff announcement tanked Wall Street a few weeks ago. The word out of the White House keeps changing, and the markets keep reacting.
It can be disconcerting for investors to see the value of their portfolios evaporate, but unless you need the funds you have invested immediately, market turbulence can sometimes be a blessing in disguise. This sell-off has created an opportunity to buy some amazing stocks on sale.
One such bargain is Sofi Technologies (NASDAQ: SOFI), which is down 29% year to date and 57% from its highs. It's underperforming the market, but not because of any business performance issues. Rather, shares of younger, riskier companies tend to take more of a blow when there's market turmoil and investors run to what they perceive as safer stocks. That gives you a fantastic opportunity to get a great deal on a growth stock you can buy now and hold forever.
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