Market Down? Here’s 1 Stock to Own for the Long Term

 Market Down? Here’s 1 Stock to Own for the Long Term

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.

Image source: Getty Images.

Past and present success 

PayPal is one of the biggest online payment companies in the world. Since it reentered the public markets…

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