IBKR - Got $1500? You Can Confidently Add These 3 Stocks to Your Portfolio
2023-04-29 08:30:00 ET
Since the start of this year, the S&P 500 index has gained 8%, but there is some uncertainty if the market can keep its positive momentum going. During the March Federal Open Market Committee meeting, Federal Reserve officials said they expect the U.S. to enter a mild recession before the end of the year.
The threat of a recession makes investing intimidating. However, the best way to build wealth over time is by consistently adding to your nest egg. One smart thing you can do is invest in quality companies with strong balance sheets that can ride out a recession and continue growing. If you have $1,500 to invest, three stocks you can confidently add today are Interactive Brokers (NASDAQ: IBKR) , Progressive (NYSE: PGR) , and March & McLennan (NYSE: MMC) .
Interactive Brokers provides electronic brokerage services to investors, where they can trade stocks, options, bonds, futures, and exchange-traded funds. Investors are flocking to the trading platform because of its higher interest rates on cash and low cost of trading. Over the past five years, Interactive Brokers has grown its customer count by 332%, or 34% annually.
For further details see:
Got $1,500? You Can Confidently Add These 3 Stocks to Your Portfolio