NEE - Got $3000? Invest It in These 3 No-Brainer Buys
There's little question that this has been a challenging year to be an investor. Even long-term investors have had their resolve tested like never before, with the coronavirus disease 2019 (COVID-19) pandemic pushing the broad-based S&P 500 lower by a whopping 34% in 33 days. This marked the quickest and steepest such decline from an all-time high in the stock market's history.
But at the same time, this volatility has provided a ray of hope and validated the convictions of long-term investors. That's because the S&P 500 has regained a significant portion of what was lost, while the technology-heavy Nasdaq Composite blasted to new all-time highs. Buying game-changing businesses and sticking with your investment thesis over the long haul continues to be a winning formula.
Maybe the best thing about investing in the stock market is that you don't need to be rich to get started or compound your wealth. If you've got $3,000 in disposable cash that won't be needed for emergencies or bills, you have more than enough to take charge of your financial future and invest it into the following three no-brainer buys.