SDC - 5 Top Stocks for the $700 Burning a Hole in Your Pocket
We don't always have a lot of money to throw at the market, and despite a big sell-off in stocks over the past few weeks, investors may be hesitant to take advantage of the lower prices in these uncertain times. I can sympathize with that, but let's say you're reading this because you have a little money that you don't mind putting to work. Let's say you don't mind taking some risks. Let's say you have exactly $700.
We live in a great time to be an investor. Brokers have cut their commission rates to as low as zero, and it's no longer a concern if you're buying less than 100 shares at a time. I'll still try to stick to round lots here, offering a few stock ideas that each happen to trade for less than $7 a share. If you're willing to stomach the risk, I think you may want to consider Zynga (NASDAQ: ZNGA), Sirius XM Holdings (NASDAQ: SIRI), Groupon (NASDAQ: GRPN), Fitbit (NYSE: FIT), and SmileDirectClub (NASDAQ: SDC) as top stocks to consider buying.
Image source: Getty Images.