The end of the year is coming quickly, and there’s rising optimism on Wall Street. Inflation has moderated back to levels below 3%, the Federal Reserve is bringing interest rates back down, and the S&P 500 is up 28% year to date.
Will the market continue its ascent next year? Will it fall? There’s no way to know for sure. So investors should stick with the simple, smart strategy of buying reasonably valued stocks of companies with great potential.
As valuations in this market are looking bloated, particularly for growth stocks, there could soon be a run on safe stocks and dividend stocks. But you can still find reasonably valued growth stocks to buy now and hold for the long term. Here are five great options.
This post originally appeared at The Motley Fool.