Today we are discussing the amazingly exciting list of the best growth stocks to buy now according to Ray Dalio, published by Insider Monkey recently. Ray Dalio is the billionaire Founder, Co-Chairman, and Co-Chief Investment Officer of Bridgewater Associates. It has the largest hedge fund across the globe owning more than $140 billion in assets. As a matter of fact, Bridgewater Associates is among the prosperous hedge funds across the globe, as it has delivered average annualized gains of 10.4% in the past 29 years.
According to Insider Monkey’s research, Dalio, being known for long-term perspectives, lost 22% in 2000, then due to the financial crises 20% in 2008. Nevertheless the fund managed to gain 45% between 2002 and 2004, and another 24% in 2010 and 2011. Due to the pandemic, health-care sector is extremely attractive to investors, and e-commerce industry is the other one that shows great progress year by year. Dalio is exceptionally interested in the Chinese stocks, giving attractiveness to the Chinese capital merkets. Actually, the reputation of hedge funds have increased in the last ten years.
After all this introduction, you must be eager to know which are the best growth stocks to buy. We have picked up two of them from Insider Monkey’s list as usual. Pinduoduo (NASDAQ:PDD) stands on the fourth spot. Bridgewater owns 1,094,888 shares of this Chinese Internet mammoth and gave it a worth of worth $81.2 million at the end of September. The quick growth of the company is obvious, since the e-commerce continuously grow year by year. The presence of Alibaba Group (NYSE:BABA) on the compilation is not surprising, as it’s among largest mammoth e-commerce companies in the world. Actually, it stands on the second spot of the compilation. Bridgewater increased its shares in Alibaba Group by 40% in the third quarter of 2020, which actually means more than $392 million. If you are interested in further detailed and useful information on this issue, please jump to the best growth stocks to buy now according to Ray Dalio.