The last three years have seen a pandemic-driven market crash turn into a soaring (nearly bull) market, only for rising inflation and weak consumer spending to send stocks back down again. There’s a lot of uncertainty about what happens next for the economy and the stock market, but investors with a long time horizon can still put money to work.
The most important factor in building wealth is persistent saving and investing regardless of the broader economy. Regularly adding money to a group of businesses that consistently grow their sales and profits is all it takes.
These two companies have already demonstrated above-average growth in recent years, but the market could be undervaluing their future growth over near-term weakness in the economy. Investors can now buy shares of these two growth stocks at attractive valuations that could set up a long run of explosive returns down the road.
This post originally appeared at The Motley Fool.