As much as we enjoy Wall Street’s ups, the downs are a normal part of the investing cycle. Last year, all three major U.S. stock indexes fell into a bear market, with the growth-dependent Nasdaq Composite (^IXIC 1.97%) really taking it on the chin. The index most responsible for pulling the broader market to new highs in 2021 shed 33% of its value last year.
But for investors with time on their side, there’s good news: Eventually, every sizable decline in the major indexes — including the Nasdaq Composite — has eventually been cleared away by a bull market. It effectively means that every bear market provides an opportunity to scoop up innovative businesses at a discount.
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Since growth stocks have been hit the hardest by volatility and uncertainty since the beginning of 2022, they’re an excellent place to consider putting your money to work. What follows are five…
