Got $5,000? Buy and Hold These 3 Value Stocks for Years
Stock prices are starting to feel a bit frothy. For perspective, the S&P 500 is currently valued at more than 23 times its trailing earnings, and more than 21 times this year's expected profits. That's a steep valuation by nearly any standard. It's especially steep, however, in an environment where interest rates are high. See, higher borrowing costs make growth more expensive to fund, which works against growth companies and their stocks.What works against growth stocks often works in favor of value stocks ...