The best time to find long-term stocks to buy is during a bear market, and so long as time is on your side, you don’t have to worry about timing the bottom.
The best time to find long-term stocks to buy is during a bear market, and so long as time is on your side, you don’t have to worry about timing the bottom. That’s because the secular growth narratives supporting long-term winning stocks endure over time, while broad economic and market panics are fleeting. They pass. They always do. And when they do, long-term winning stocks get back to winning.
Very few companies have maintained business as usual during the current global crisis. Netflix has had to suspend production of new programming, but it had a number of shows already completed and a huge archive of content to entertain existing customers and attract new ones. It has also been able to operate its animation unit remotely and has been able to continue post-production on shows that have already been shot.