If you still have a long time horizon before retirement, a downturn is an excellent time to stock up on the many great growth stocks that are being slammed right now. Fiverr International (NYSE: FVRR), Revolve Group (NYSE: RVLV), and Airbnb (NASDAQ: ABNB) are three of my favorite growth stocks to buy right now. The "Great Resignation" is changing working patterns across the U.S., and that's aided in part by freelance companies like Fiverr, which offer a platform for working from home on a flexible schedule.
If you have many years ahead of you, investing now can reward you later. In a very simplified example, adding $50 a month and assuming 10% interest can turn your investment into six figures in just over 30 years. Global-e (NASDAQ: GLBE), Ally Financial (NYSE: ALLY), and Revolve Group (NYSE: RVLV) are some excellent choices that have the potential to be multibaggers.
This apparel and luxury retailer is making all the right moves, but its stock gets no respect in this market. That mismatch between business results and market perception offers a fantastic buying opportunity.