Picking good stocks to invest in right now for your portfolio and investment goals is an important first step towards building wealth in the stock market. You can ensure that your investments align with your long-term financial goals by taking the time to research and understand the stocks. It can be hard to decide which stocks to buy for beginners when there are so many to choose from.
Today’s market uncertainty doesn’t make it any easier. Keeping up with the changing market dynamics requires flexibility and agility. Investing in the stock market will give you one of the best and most consistent returns of any investment channel out there. It is possible to take advantage of the growth potential of the stock market.
You will learn about the best stocks to buy for beginners. It’s important to choose stocks that fit your investment goals, no matter if you’re a new investor or an experienced one. I will cover some underlying investment strategies and tips that factor into my selections. This will help you understand the research I use when making investment decisions.
15 Best Stocks To Invest In for Beginners
Here are the 15 best stocks to buy for beginners in 2023:
- Amazon (NASDAQ: AMZN)
- Alphabet (NASDAQ: GOOG)
- Apple (NASDAQ: AAPL)
- Costco (NASDAQ: COST)
- Disney (NYSE: DIS)
- Meta (NASDAQ: META)
- Mastercard (NYSE: MA)
- Microsoft (NASDAQ: MSFT)
- Netflix (NASDAQ: NFLX)
- Nike (NYSE: NKE)
- Pinterest (NYSE: PINS)
- Shopify (NYSE: SHOP)
- Spotify (NYSE: SPOT)
- Teladoc (NYSE: TDOC)
- Tesla (NASDAQ: TSLA)
Note: This list is in alphabetical order, and doesn’t include things like an ETF (exchange-traded fund), index fund, or mutual fund, which I cover separately.
1. Amazon (NASDAQ: AMZN)
- Price: $94.9 (as of close Mar 3, 2023)
- Revenue Growth: 9.40%
One of the best-performing stocks of all time is Amazon. If you’re looking for a long-term investment, I highly recommend adding Amazon to your portfolio. I see the company as well-positioned for growth in the future because I have made a ton of money from it. I’m committed to staying here for the long term because I’m very proud to be a part of this company and its success. Amazon has many ways to win, not just by taking over more and more areas of online sales, but also through web hosting, subscriptions, or even self-driving cars. Amazon’s success is due to its ability to rapidly adapt and innovate.
With the stock split, you will be less likely to have to purchase fractional shares. Many investors may have been reluctant to buy fractional shares due to the high cost of Amazon’s stock.
Over the past four years, Amazon’s stock has tripled in value. Their revenue doubled in that time period.
It is not certain how high Amazon will go, but I will be with them. Amazon will make history as they soar to new heights.
7. Mastercard (NYSE: MA)
- Price: $361.5 (as of close Mar 3, 2023)
- Revenue Growth: 17.76%
Someday, the credit card company of the past might be a thing of the past. Making it easier for everyone to make secure payments is one of the things that could be changed by the rise of bitcoin. That is not going to happen soon. We have to accept that reality. The payment system offered by Mastercard can settle 5,000 transactions per second, but it is years away from matching the one offered by bitcoin. Mastercard's system is highly reliable and secure, making it a preferred choice for many businesses. The average time for a transaction is 10 minutes. Traditional banking and payment processing methods can take days to complete.
You can also use your Mastercard credit card at the mall. Adding an extra layer of convenience and security, you can use your Mastercard credit card to make online purchases. The company has positioned itself as a critical player in many different types of transactions and is ahead of the curve as we move more toward digital payments. This commitment to customer service and innovation is what sets the company apart from its competitors, making it the leader in the digital payments industry. Visa has 42% of the market, compared to 25% for Mastercard, but it is a smaller company with faster revenue growth, and a lot of room to run. Mastercard's market share is still substantial, and it has a strong foothold in the industry that it can build on to further increase its presence.
12. Shopify (NYSE: SHOP)
- Price: $43.4 (as of close Mar 3, 2023)
- Revenue Growth: 21.42%
Some of the others on the list are long-time, steady-growth giants. There is more risk with that than with Apple or Amazon. The potential rewards of investing in a smaller company are greater than those of investing in a larger company. In investing, greater risk leads to greater reward. It is possible for investors to achieve higher returns by taking on more risk. We’ll see.
Merchants of all sizes can do business online. It makes it easy for them to manage their stores, inventory and orders. With the help of Shopify, any company can create an eCommerce site and use its tools to handle all the back-office tasks, from driving sales to tracking customers to managing day-to-day operations.
We were moving quickly toward a retail world dominated by e-Commerce before the Pandemic hit. e- commerce is the future of retail as the trend of shopping online has only been accelerated by the Pandemic. The investors who saw that trend and jumped on board have done well recently. Shopify's stock has been rising in the past few years, making it a great investment opportunity for those looking to take advantage of the growth of e- commerce. I think the climb will continue despite the fact that you will need fractional shares to jump in. This is a great time to invest in a company that has seen tremendous growth over the past few months.