The 10 Best Stocks to Buy
Debt AdviceInvesting in the stock market can be fun and rewarding – but it’s also risky. Financial experts spend hours and hours evaluating companies to determine which are wise investments. There are many different ways of looking at a company and determining its wealth – many stock picks are for short-term gains, not long-term investing – so keep in mind your individual investment goals before you make a stock purchase. You probably should consult a broker or an expert before making a stock pick – remember there’s never a guarantee on an investment.
Ten best stocks to buy
According to some financial market experts, these stocks are considered among the best to buy. While you might not recognize them, they have some of the best performance ratings in recent years:
- Almost Family
- Celgene
- Clean Harbors
- Deckers Outdoor
- FTI Consulting
- Hansen Natural
- Green Mountain Coffee Roasters
- Quality Systems
- Southwestern Energy
- XTO Energy
Rules of thumb about investing in the stock market
- You should be in it for the long haul: If the last few years have taught us anything, it’s that trading the stock market can be a confusing and risky business. Unless you’re prepared to lose big, don’t enter the market thinking that you’re going to become a day trader. Sure, keep an interest in your investments and watch their growth – but don’t buy and sell every day. The trading fees will be costly, and chances are you don’t have the time to devote to this kind of frenetic trading behavior. Instead, take your time, make your investments and stick with them for a long time. Watch your investments grow gradually.
- Don’t fear the unknown: There are thousands of companies on the stock market, and chances are you won’t know most of them. Don’t be afraid of this – do your research and make an educated decision. Just because a company doesn’t spend all of its money on marketing doesn’t mean that it isn’t a wise investment. Sometimes it’s just the opposite!
- You’re in charge: You are in charge of your financial decisions – not your broker, not someone on television. You are ultimately responsible for your investments, so take ownership of your choices. Remember that this isn’t a get rich quick scheme – it could take years to see real returns on your investments. But you are the person who guides the decision-making process.
- Know your comfort with risk and reward: If you have been burned financially in the past, or are afraid of losing your money, then perhaps dabbling in the stock market isn’t the best decision for you. You’ll need to decide just how comfortable you are with the idea of losing some or all of your money. It could take may years to get a big return on your investment – and remember, nothing is a guarantee. If you aren’t as comfortable with the idea of picking stocks, perhaps mutual funds or index funds would be better choices. Investing, particularly for retirement, is a smart thing to do. Just make sure you’re comfortable with your decisions.