There is no better time than the beginning of the year to start an investment portfolio. But if you are new to the stock market, the options for investing can be daunting. How do you know which stocks to invest in, and where do you start?
Thankfully, we have done much of the work for you. We have found the top stocks to invest in right now, and we will also give you some tips on getting started.
Read on to start your journey to becoming a master investor.
Investing: How to Start
We will assume some basics in order to give you the most helpful advice.
If you don’t know the stocks you want to invest in, no worries! That is why we’ve included the list below.
Our advice here is to help you establish the account you need to do the investing in the first place. That account is called a brokerage account, and you can pick from many companies who offer them. Some of these companies are E-Trade, Merrill Edge, and Ally Invest.
After you open your brokerage account, you deposit money into it. After that money clears, you are set to invest. It really is that simple.
The Top Stocks to Invest in for Newcomers
Once you have your brokerage account set up, it is time to go on the hunt for stocks you want to invest in. That is why we have assembled this list of stocks with growth potential as a starting point.
This list includes tech stocks, stocks in the food and beverage industry, and pharmaceuticals, all of which are large industries with constant innovation.
Check them out for yourself.
Starbucks Corporation (SBUX)
It may sound obvious. Everyone knows Starbucks is huge. But the company could get even bigger in 2019.
The key to Starbucks’ growth lies in the Asian market. The company has invested heavily in opening hundreds of new stores in Japan alone.
Another benefit of Starbucks is its stability. Even when you experience the ups and downs of the market, Starbucks can be a solid rock in the foundation of your portfolio.
Johnson & Johnson (JNJ)
Speaking of reliability, Johnson & Johnson can top even Starbucks in that department. All three of JNJ’s divisions—medical devices, consumer goods, and pharmaceuticals—are worth billions of dollars individually. This diversity makes JNJ a robust investment.
People are not going to stop getting sick any time soon, so you might as well invest in the company that makes Band-Aids and Tylenol.
Electronic Arts (EA)
Gaming is an industry that changes quickly and drastically, so this is a higher-risk stock. That said, “Madden” is more fun when you have stock in the company that makes it.
EA now offers digital subscriptions, which is a smart move in the era of streaming music and movies.
Don’t Spend All That Money in One Place
This is only scratching the surface when it comes to beginning investments. After looking at these potential stocks to invest in, we hope you are inspired to look for your own hidden gems.
If you want more advice about what to do with your money, check out all of our financial tips.