For anyone starting their investing journey with just $100, there are several ways to put that money to use and build wealth. One of those ways is to buy shares of great companies and hold them for the long run. Thanks to fractional share investing, even investors with limited sources can start building diversified portfolios. It's always a good idea to diversify when investing to avoid the pitfalls of putting all your eggs in one basket.
But if you had to buy just one stock with $100, Cirrus Logic (NASDAQ: CRUS) looks like a great option. Shares of the Apple (NASDAQ: AAPL) supplier have gained impressive momentum since the beginning of May, and are now trading at around $85. Now might be a good time to buy this semiconductor stock , as it is showing signs of turning out to be a long-term play. Here's why.
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Got $100? Buy This Hot Growth Stock Right Away