⏲️ 3 strategies you need (and 3 you don't) | 5 tu rnaround growth stocks | Tax-efficient investing?

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Here's what you'll be paying more for this Memorial Day

It's a holiday weekend, and I'm sure you have a lot to do. So I could make this update a lot shorter and just say, "Everything! You'll be paying more for everything!"

If I did, that wouldn't be a lie.

But sometimes, misery loves company, and if you're having to cut back on some celebrating this year, it may help to know that you're not the only one.

So, take a look at how many people are axing some of their holiday favorites altogether, and which celebration staples have gone up the most.

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If you're relying one of these 3 investing strategies, cease and desist

Knowing which stocks you should and shouldn't buy is important.

But it's even more important to know which investment strategies you can safely embrace versus the ones you should avoid like the plague.

The problem with all three of them is that, at first glance, they don't really look that dangerous.

But before you know it, they can wreak havoc on your portfolio and your financial future. The good news is, we won't just identify them, we'll also help you find a much safer alternative.

WARNING: you're probably already caught up in at least one of them.

5 growth stocks you can't go wrong with

Growth investing works. The data doesn't lie.

But turnaround growth stocks do even better.

Taking into account the current market volatility (which has been particularly tough on growth stocks this year) 5 promising growth stocks have all the hallmarks of riding out whatever comes our way over the next 6-12 months.

Etsy (ETSY) is a perfect example of a stock you should scoop up while the getting's still good. While the pandemic was rough for some companies, Etsy's revenues doubled in 2020. And since then, we've seen consistent growth. As the company has nudged up seller fees, gross profits have been growing, too, to the tune of about 72%.

Best of all analysts expect it to keep on growing. Which is why it took the #1 spot on this list.

But who are the other 4?

3 magical strategies that will actually grow your wealth

The weekend (especially a long one) is a fine time to quit focusing on what you'll buy or what you'll sell and instead zoom in on the strategies that will help you accumulate a legacy of wealth.

In the segment above, we warned you about three dangerous strategies that can bleed you dry. Down here, we want to focus on strategies that you can embrace without fear.

The first magical strategy you need is learning to let time work its magic. When you do that, you can ease the burden from your shoulders and let compound interest do all of the heavy lifting.

Even if you feel like you're running out of time, you'd be surprised how little time it takes to make a very big difference. Just check out this chart to see what we mean.

So what are the other two magical investing strategies you need right now?

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