August generally isn’t considered the best time to buy stocks. It lands between May, when many investors “sell in May and go away,” and September, which has historically had a pattern of being the worst month of the year for stocks. But the market’s common summer swoons — which can largely be attributed to the behavioral biases of investors — shouldn’t matter to long-term investors.
After all, the S&P 500 has still delivered an average annualized return of about 10% since its inception in 1957. So if you don’t mind a little near-term volatility, August can still be a great time to add to your portfolio, and ASML (NASDAQ: ASML), CrowdStrike (NASDAQ: CRWD), and ServiceNow (NYSE: NOW) are three great tech stocks worth buying today.
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