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Customers have long bragged about their cheap-chic Target purchases. Now, many are griping about items missing on shelves, long checkout lines and products locked up to prevent theft.

Even the iPhone SE is not actually budget-friendly, but more like for "mid-range" money. The approach you should take if you want a relatively cheap iPhone in 2024 is to go for a slightly older model.

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McKnight agrees that the market is not cheap at the moment, however, this does not mean that investors halt buying. In fact, investors should continue to invest but be wary about volatility.

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