Anyone who’s invested in stocks over the past year knows that dramatic fluctuations are all too common. Just last year, the S&P 500 crashed as the world started shutting down in response to the coronavirus pandemic — before roaring back in the coming months to nearly double its pandemic lows today. Certainly, the true value of companies doesn’t change that much in such a short period of time. But being able to stomach volatility is the price we pay in order to achieve long-term gains.
Owning shares of high-quality businesses with competitive advantages and lots of growth definitely helps. PayPal Holdings (NASDAQ:PYPL) is one such company that investors should consider to ease their concerns during times of market turmoil.
Past and present success
PayPal is one of the biggest online payment companies in the world. Since it reentered the public markets…