2 of the Smartest Stocks to Buy With $500 and Hold Forever
There are plenty of things to buy with $500. Few can reliably turn that sum into $600, $800, or even $1,000 in several years. That's what makes the stock market so great: It remains one of the best ways for most average people to grow their capital over time.However, to pull it off, investing in the right companies with strong businesses, excellent long-term prospects, and solid competitive advantages is crucial. Here are two stocks that fit the bill: Shopify (NYSE: SHOP) and Microsoft (NASDAQ: MSFT). For those with $500 to spare, read on to find out why putting that money in either of these two market leaders would be a smart move.Shopify aims to be a 100-year company, a feat few have accomplished. The e-commerce specialist is off to a good start. Corporations that last that long typically have several qualities, including a visionary leader, significant growth potential, and a competitive advantage.Continue reading
There are plenty of things to buy with $500. Few can reliably turn that sum into $600, $800, or even $1,000 in several years. That's what makes the stock market so great: It remains one of the best ways for most average people to grow their capital over time.
However, to pull it off, investing in the right companies with strong businesses, excellent long-term prospects, and solid competitive advantages is crucial. Here are two stocks that fit the bill: Shopify (NYSE: SHOP) and Microsoft (NASDAQ: MSFT). For those with $500 to spare, read on to find out why putting that money in either of these two market leaders would be a smart move.
Shopify aims to be a 100-year company, a feat few have accomplished. The e-commerce specialist is off to a good start. Corporations that last that long typically have several qualities, including a visionary leader, significant growth potential, and a competitive advantage.
