11 Best Stocks for Beginners to Buy Right Now
The best stocks for beginners to buy right now are those that offer strong growth potential and high dividends. These companies also tend to pay higher dividend yields than other stocks.
We’ve done the research for you so you don’t have to. Read up on these companies and see why they are worth investing in today.
11 Best Stocks for Beginners to Buy Right Now
The stock market is an exciting place to invest in. It is a place where you can make money and grow your wealth over time. But the stock market can also be a very confusing place for beginners.
There are so many stocks out there, that it can be difficult to know which ones are worth buying right now. That’s why we put together this list of the 11 best stocks for beginners to buy right now.
1) Apple (AAPL)
2) Alphabet (GOOG)
3) Amazon (AMZ)
4) Microsoft (MSFT)
5) Meta / Facebook (META)
6) NIO
7) NVIDIA Corporation (NVDA)
8) JPMorgan Chase & Co. (JPM)
9) Exxon Mobil Corporation (XOM)
10) General Electric Company (GE)
11) Wells Fargo (WF)
After you have chosen your stocks, it is important to research them and know as much about them as possible. But until then keep scrolling down the list I put together for you of the best stocks for beginners to buy right now and how to invest in the stock market, that is the easy part.
How to Invest in Stocks for Beginners
The first step in investing in stocks is to search for stocks that suit your needs but doing your due diligence before you invest is essential. The stock market is filled with information that can leave an investor feeling overwhelmed.
If you are new to stock market investing you can sign up here with Robinhood!
By signing up with this link, at no cost to you! You will receive a free stock with up to $200 in value!
With the Robinhood app, you can find some of the best stocks for beginners to buy right now and track them on a watch list, receiving automatic alerts or get in and invest today!
The Search for Stocks
The search for stocks has been made easy on most investing news sites and investing platforms. Listing stocks in categories such as Top 100, Top Gainers, Most Popular, and More!
An easy way to get started is to search through the most popular stocks or stocks that you use on a day-to-day basis and believe in.
For example, if you are an amazon prime account holder and/or own any Alexa-enabled devices, Amazon may be a stock you want to look into until you get a better understanding of what to look for in the market.
You can also find the best EV investments here. The Electric Vehicle has huge growth market potential and there is no better time to take advantage of it than now. I have done the research for you and listed the favorite electric vehicle, battery and charing stocks to invest in now!
Prioritizing Extra Money to Invest
If you find a stock that’s right for you, set aside any amount of money. It is recommended to set aside 10-20% of your after-tax income for savings but as a beginner, any investment amount is better than nothing.
Also thanks to fractional shares [when an investor owns less than a whole share of a company]. This means instead of buying one stock of Microsoft, which is sitting at $278.01 right now you the investor could still invest as little as $1 and still be a fractional shareholder of Microsoft!
This benefit makes it very easy for you to capitalize on a stock opportunity even when you are not sitting on a lot of disposable cash!
Be Patient and Think Long-Term
This quote came from Shelby M.C Davis also adding “invest for the long haul. Don’t get too greedy and don’t get too scared.”
One of the biggest struggles of investing, especially for beginners is being impatient and letting their emotions make buying and selling decisions for them.
As an investor, you will make this mistake, but the goal is to make it the least amount of times possible. Good practices you should do:
Do Not Overanalyze, Keep it Simple
Once a stock is on your “watchlist” or you have invested in it – the platform you use will alert you of news updates daily of things happening with the company or relating to the company. Like all notifications and news, it is meant to grab your attention by tugging on your emotions!
Avoid checking stocks routinely. If you have done your research and invested in a good company there will be ups and downs but down the road, the stock will rebound and continue to increase.
Be conscious of future opportunities. If you, the investor are truly in it for the long run you will run into a “market correction.” A market correction is the decline of a stock by 10% to 20%. During this period, you should do your research without jumping to any quick decisions. During this time a lot of investors will react to the correction with emotion and sell, sending the stock even further down.
Where the hope lies in this, is that this company that you already believe in for the long term predicting that its value will continue to rise you can look at this market correction as your companies stock at a discount price!
Are Stocks Worth Buying Right Now?
Yes, stocks are a great buy right now! With the NASDAQ down more than 20%, Dow Jones down about 10%, and Bitcoin down more than 60% YTD (Year-to-Date) even if the stock market continues to decline, these stocks are still currently set up for a rebound, and BIG returns!
Why the Stock Market is the Best Place to Start Investing for Beginners
The stock market is the best place for beginning investors because it requires little amount of money to get in, there is a strategy for whatever your goals are.
For investors that are unsure about the stock market, you may want to invest in low-risk investment stocks like ETFs or Dividend-Paying Stocks (Stocks that pay out a percentage based on the number of shares an investor owns).
These payments are typically paid out quarterly but can be issued once a year or every month. With these payouts, you can choose to reinvest the back into that company to get more shares or use the funds to cash out and use however you choose.
Stocks such as ETFs and Dividend stocks are usually looked at to be less risky and because of that beginner investor friendly. But be cautious because no company is invisible and a company does have the power to reduce or do away with its dividend payouts.
Best Places to Get Stock Market News
- MarketWatch
- Robinhood (Link to Download the App and Get a Free Stock Here)
- Bloomberg
- Investing.com
- Yahoo
- Wall Street Journal
- NASDAQ.com
Best Stocks for Beginners FAQ
The best stocks for beginners to buy usually looks like an Apple, Amazon or ETF such as S&P 500 or the Dow Jones. The “best stocks” vary from what your goal is as an investor; if you are looking for potentially huge returns in a short amount of time the best stocks for you will not look like an ETF or a Google.
But signs of a good stock are: Free Cash Flow, Debt Management, Positive Earnings Year over Year, Competition, and more. All of which are public knowledge and you can find online.
What is the Best Bank Stock to Buy Right Now?
JPMorgan Chase & Co (JPM)
Bank stocks are unique to analyze but Big Banks whether you are looking at Investment or Commercial Banks are easy to narrow down and label as safe bets to invest. Once you are here you can then take a look at the financials focusing on debts, assets, loans. This all you can find on their balance sheet!
Are Airlines a Good Stock to Buy Right Now?
Due to conditions like the super high fuel prices, global pandemic and layoffs. Airlines have been hit very hard in the last couple of years missing profit expectations and losing consumer confidence by a long shot. While the rebound may be slow, airlines are set up to definitely rebound in a big way!
What is Diversification?
Diversification is exactly what it sounds like. In your stock portfolio, diversification balances the risk vs reward in your investments!
With diversification you do not have to live or die by one industry or method of investing. Diversity will not maximize your returns but what it will do is spread your portfolio around and reduce the chance of huge spikes whether in the positive or negative direction.
