7 Stocks Under $20 to Buy and Hold Forever
While listening to Federal Reserve Chairman Jerome Powell’s press conference on June 9, I found myself agreeing with two main points that Powell made. Specifically, I believe that the U.S. can avoid a significant economic contraction, and I think that inflation will drop meaningfully in the coming months without the Fed having to raise interest rates to levels that will put the economy into a tailspin. Consequently, I believe that many stocks under $20 are very good buys for long-term investors at this point. Powell said that a “soft landing,” with much lower inflation and positive economic growth, can still occur. There are multiple deflationary trends in the economy, including the decline of cryptocurrencies, the return of many people to work, the easing of China’s lockdowns and the recent drop of oil prices. If, as one expert believes, the Russia-Ukraine War will end in the fall , then oil and food prices are likely to sink at that point. Meanwhile, as I explained in a recent column, the exceptionally strong labor market and the expansive savings of many consumers will probably prevent a recession.
7 Stocks Under $20 to Buy and Hold Forever
While listening to Federal Reserve Chairman Jerome Powell’s press conference on June 9, I found myself agreeing with two main points that Powell made. Specifically, I believe that the U.S. can avoid a significant economic contraction, and I think that inflation will drop meaningfully in the coming months without the Fed having to raise interest rates to levels that will put the economy into a tailspin. Consequently, I believe that many stocks under $20 are very good buys for long-term investors at this point. Powell said that a “soft landing,” with much lower inflation and positive economic growth, can still occur. There are multiple deflationary trends in the economy, including the decline of cryptocurrencies, the return of many people to work, the easing of China’s lockdowns and the recent drop of oil prices. If, as one expert believes, the Russia-Ukraine War will end in the fall , then oil and food prices are likely to sink at that point. Meanwhile, as I explained in a recent column, the exceptionally strong labor market and the expansive savings of many consumers will probably prevent a recession.