5 Stocks to Start With if You Only Have $1,000
If you have $1,000 and you’re ready to invest, taking the first step is the most important part. Once your money is invested, you can sit back and wait for it to compound over time. If you can add consistent sums at different points, even better.
The earlier you start, the more you have to gain. Consider the possible outcomes with different compound annual growth rates (CAGR) over time:
Given the small initial size, you want to make sure you’re still diversified, since that reduces overall risk and gives you greater exposure to different trends and categories. A great lineup to get started is Palantir Technologies (NASDAQ: PLTR), AGNC (NASDAQ: AGNC), Eli Lilly (NYSE: LLY), SoFi Technologies (NASDAQ: SOFI), and Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB).
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.