3 Financial Stocks to Buy With $3,000 and Hold Forever
Robinhood, Nu, and Coinbase are all great long-term investments.
Many financial stocks endured wild swings over the past few years as interest rates spiked and fell. Rising rates throttled economic growth and drove many investors away from stocks, cryptocurrencies, and other riskier investments. While higher rates helped banks and other lenders collect higher interest payments, they also caused individuals and businesses to take out fewer loans.
But over the long term, many financial stocks should continue to rise as new investors enter the market and more unbanked individuals sign up for banking services. Let's take a look at three of those stocks that are worth buying today and holding forever with a modest $3,000 investment: Robinhood Markets (NASDAQ: HOOD), Nu Holdings (NYSE: NU), and Coinbase Global (NASDAQ: COIN).
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