The average person isn’t the most finance or investment savvy. Many people have less than $1,000 in savings, consumer debt has reached staggering levels, and 21% of people in the United States still have a mortgage well into their 70’s.
Understanding how to invest in the stock market can help you grow meaningful wealth. Knowing the best stocks to buy now can help you find great buys right now that can secure your financial future.
Here are the best stocks to invest in 2022.
Go With Some Blue Chip Stocks
The best stocks to build your portfolio on are the ones that have been tested and proven. These are long-term stocks that you can bank on, and they should be a considerable part of your investing strategy.
Some proven blue-chip stocks that are worth your time and money include Coca-Cola (KO), Visa (V), McDonald’s (MCD), Walmart (WMT), Starbucks (SBX), Johnson & Johnson (JNJ), and Clorox (CLX).
Consider Tech and Entertainment Stocks
We live in the tech age. Adding tech and entertainment stocks to your portfolio keep you current and can help you find the blue-chip stocks of the future.
Disney (D) has become a tech stock of sorts due to the advent of its Disney+ streaming service. Other tech and entertainment stocks that should perform well in 2022 include Apple (AAPL), Verizon (V), Alphabet (GOOGL), Dell Technologies (DELL), and HP Inc. (HPQ).
There are some other newer tech stocks that have a chance for success in 2022. App Harvest (APPH) is a stock that blends both tech and sustainability. File storage giant Dropbox (DBX) went public in 2018 and should be a force for years to come.
Tech is global, so don’t limit your assets to domestic companies. There are firms like Convergence Partners that specialize in global tech investments.
Invest in Some Exchange Traded Funds
With Exchange Traded Funds (ETFs), you’ll have the chance to diversify your portfolio by getting a mixture of stocks and other assets.
These funds are favorites for stock investors for this reason. They let you buy a mixture of assets and shares as opposed to putting all of your eggs in one basket.
The ability to hedge against risks will keep your portfolio viable for years to come and can help purchase real estate, pay for college, and help with retirement.
Buy Some Growth Stock Shares
Growth stocks are a key part of any investment strategy. They’re high risk and high reward and can help you gain some substantial wealth.
Drive Shack (DS) is a golf company that is competing with Top Golf in the consumer recreation space. These shares opened at a little more than a dollar at the beginning of 2022 and have huge growth potential in the next several years.
Social media outlet Pinterest (PINS) also has a huge upside in 2022 as a growth stock.
There are growth stocks in several sectors that are worth your time. Do your due diligence so that you understand the risk and reward.
The Best Stocks to Invest in 2022
Now that you know the best stocks to invest in 2022, you can open a brokerage account to begin buying some shares. These points will serve as a primer as you walk your investment journey.
Use these tips and browse our other articles related to stocks and other investments.