Business
3 reasons why I’d buy cheap stocks right now and hold them to 2030
Despite the stock market recovery over recent months, it is possible to buy cheap stocks today. They could be appealing because their prices may undervalue their long-term prospects. This could mean that they offer long-term capital growth potential.
Furthermore, the stock market has an excellent track record of recovering from its downturns to post new record highs. This could increase the chances of today’s cheap shares posting turnarounds.
Meanwhile, other mainstream assets such as cash and bonds offer very low returns at the present time. This may increase the appeal of undervalued shares on a relative basis.
Cheap stocks may be mispriced
It is difficult to determine the value of many companies today. Their financial…
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