When buying stocks, cheap is good. Or at least cheap can be good. The trick for investors is to identify companies that are performing well but have stocks that are trading for a discount. That can sometimes be a challenge, but in the case of Redfin (NASDAQ: RDFN) and Magnite (NASDAQ: MGNI) , now is a great time to buy both, and each is worthy of every investor's portfolio.
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Anyone who has bought or sold a house knows the process can be stressful and expensive. Redfin is trying to change that with some unique twists on an old industry. First of all, its agents are salaried employees who don't earn a commission. Second, Redfin only charges sellers a commission between 1% and 1.5%, as opposed to the traditional 2.5% to 3%. The company also refunds homebuyers a portion of those commissions. Redfin's long-term vision is to become a one-stop shop for the buying and selling experience, combining brokerage, mortgage, and title services into one tech-enabled platform. The company has even gotten into the iBuying space, where it will buy a home and sell it for the homeowner.
For further details see:
2 Cheap Growth Stocks To Buy Right Now