Do you only have $ 500 to invest? Buy these 3 super stocks
Of course, it takes money to make money. However, this adage scares some people who think they don’t have enough money to even start investing in stocks.
The reality is that you can start investing even if you don’t have a lot of money to start. Do you only have $ 500 to invest? Buy these three good stocks to start making more money ASAP.
Thanks to Apple‘s (NASDAQ: AAPL) Recent stock split, you could buy a stock for less than $ 125 at Monday’s closing price. Purchase Apple (NASDAQ: AAPL) it’s like buying a fairly large share of the overall market. The technological stock represents nearly 7% of S&P 500 index, a higher weight than any other title. If the stock market goes up, there’s a good chance Apple is too.
Apple could be on the cusp of another great race. The company is having its big Apple event today, when it should announces its latest iPhone version. This highly anticipated new version will be the first to support high-speed 5G networks.
It is possible that up to 350 million of the nearly 950 million current iPhone users will switch to the new model with 5G. If so, this launch could be the biggest upgrade cycle in Apple’s history.
While the iPhone is still the biggest money maker for Apple, the business services segment has emerged as one of the main growth drivers. Don’t be surprised if the launch of 5G also creates additional momentum for these companies.
2. Limited sea
There aren’t many stocks you can buy for less than $ 500 that let you take advantage of three big trends: online gaming, e-commerce, and digital payments. But at just $ 167 a share at Monday’s close, Limited sea (NYSE: SE) does just that.
Sea Limited generated nearly 56% of its total revenue in the second quarter through its online gaming applications. Of the society Garena Free fire The game hit a record daily active user count of over 100 million in the second quarter. It is the highest grossing mobile game in Latin America and Southeast Asia and ranked # 3 worldwide for mobile game downloads.
About 40% of Sea’s total second quarter revenue comes from its Shopee e-commerce platform. Shopee is the largest e-commerce platform in Indonesia. It ranks # 1 among shopping app downloads in Southeast Asia as well as # 1 in the region for average monthly active users. The popularity of the platform is also driving increased adoption of its SeaMoney mobile wallet.
Sea is not yet profitable and its shares are trading at a very high price / sell multiple of nearly 27. However, with the company’s strong presence in three booming areas and its enviable position in fast-growing regions from Southeast Asia and Latin America, this title should be a big winner in the long run.
3. Teladoc Health
You may need to find a few extra dollars or buy partial shares of any of these three stocks to suit yourself. Teladoc Health (NYSE: TDOC) in an investment budget of $ 500. But with the health care stock trading at around $ 218, buying Teladoc shouldn’t be too much of a stretch.
With Teladoc, you own a stake in the leading player in the booming telehealth market. The COVID-19 pandemic has allowed telehealth to really take off, and the demand for telehealth will not abate once the pandemic is over. A recent Harris Poll survey found that consumers now view telehealth as “an indispensable part of the health care system”.
This is great news for Teladoc. The society currently has over 51 million paid members in the United States, a number that is expected to increase dramatically as the adoption of telehealth increases. Teladoc is also expected to become even more attractive to employers and payers when its impending acquisition of Livongo health (NASDAQ: LVGO) closes. Livongo operates a digital health platform to help individuals manage chronic conditions like diabetes and hypertension.
Teladoc estimates the combined total addressable market for it and Livongo to be around $ 121 billion in the United States alone. The company also has a strong international presence with its telehealth services business. Like Apple and Sea Limited, Teladoc Health looks poised to deliver solid returns that could turn a relatively small initial investment into a lot more money in the long run.
This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.