Where to Invest $5,000 Right Now

1 min read

The bear market of 2020 didn’t last very long, but it has the definite potential to return as the stock market ended the year way out of touch with the realities of the current economy. As a result, many top growth stocks are seeing falling prices so far in 2021, as traders begin to migrate back into value stocks.

But this volatility shouldn’t deter you from buying growth stocks. On the contrary, it presents an opportunity to buy some of these stocks at a discount and take advantage of bigger gains over the long term. How long term? That’s still to be determined. But prices reversed pretty quickly after the March 2020 sell-off. That may not happen again, but it’s a sure bet to happen at some point.

If you have $5,000 that you don’t need for current expenses, to bolster your emergency fund, or for some other use in the next three to five years, and you are looking to invest in the stock market, take a look at Peloton Interactive (NASDAQ: PTON), Roku (NASDAQ: ROKU), and MercadoLibre (NASDAQ: MELI). These tech companies may not qualify as traditional stock bargains, but all three are trading well down from their 52-week highs and all three have a long runway toward growth.

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