Buying the best companies now ensures you get those gains. Owning the right stocks will beat timing the market every time. You see, the simplest strategy for amassing wealth and building a rock-solid retirement portfolio is to buy stock in excellent companies and hold them for the long haul.
The beauty of buying great stocks is that they're great whether the market is red hot, like it has been this summer, or is in a bear market, like it was last spring. Investors might be tempted to wait for a bigger downturn or take a flier on a beaten down stock and hope it makes a comeback. If you're looking for stocks to buy now, you might be wondering if you're simply too late and the market already reached its peak.
The Dow is down roughly 2.5% from its record highs from mid-August. After a string of record high closes, markets have stumbled this week. That's more important than ever right now. One of the biggest reasons to own the best stocks to buy - besides making money, of course - is because they are good buys no matter what the rest of the market is doing.