The popularity of user-friendly platforms like Robinhood is making stock trading more accessible than ever before, and the number of millennials investing in the stock market is growing exponentially. As more and more millennials infuse their hard-earned cash into the market, various styles of stock trading continue to emerge.
At the end of the day, long-term investing is the best and most effective method of building wealth through the stock market. And certain investment themes ring true whether you’re a conservative investor or you take a more risk-tolerant approach to buying stocks.
It’s important to focus on resilient companies with a multitude of catalysts to drive value and/or growth. If you’re going to invest in a riskier stock, ensure you have other, low-volatility stocks in your basket that can face up to market headwinds. You should also invest in sectors and companies you’re familiar with, and be prepared to wait and let your money work for you.
If you’re ready to build a rock-solid investment portfolio in the new year, these are 10 incredible stocks millennials should scoop up right now.
5 Winning Stocks Under $49
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