what stock should i invest 500 dollars in

5 No-Brainer Stocks to Invest $500 In Right Now

• Exelixis. If bargain-hunting growth stocks is your thing, you're going to love biotech stock Exelixis ( EXEL -9.28%).
• Visa. If you have a long-term investing horizon, there's probably no such thing as a bad time to invest in payment...
• The Original BARK Company. It may not be the fastest-growing industry in the U.S., but...

Full Answer

Is 500 dollars enough to invest in stocks?

Jul 26, 2021 · 5 No-Brainer Stocks to Invest $500 In Right Now Exelixis. If bargain-hunting growth stocks is your thing, you're going to love biotech stock Exelixis ( EXEL -9.28%). Visa. If you have a long-term investing horizon, there's probably no such thing as a bad time to invest in …

Is $500 enough to start investing?

Jun 15, 2020 · Another top-notch stock to consider adding to your portfolio during a correction is drug giant Bristol Myers Squibb ( BMY -0.08%). Although growth stocks have run circles around …

What can I invest in with 500 dollars?

Jul 23, 2020 · Several brokers are starting to offer fractional share trading, including Square 's Cash app and the Robinhood app, so you could invest $1 in each of 500 stocks, if that floats …

What are the best stocks to invest in?

Feb 10, 2022 · 10 Smart Ways to Invest $500 or Less. 1. Micro-Investing. With micro-investing, you can start investing with as little as $5. This makes it the perfect option for college students …

What should I invest in with $500?

Is 500 dollars enough to invest in stocks?

Can you get rich off penny stocks?

How do I invest my first 500?

How much is the cannabis industry worth in 2027?

Yet, cannabis remains a huge industry with huge potential. The North America legal cannabis market is forecast to be worth $104.9 billion by 2027, according to market research firm ReportLinker. The market for cannabis is finally starting to mature.

How many states allow cannabis?

Several states voted to legalize cannabis use this past November, bringing the total number of states to allow adult use of the drug to 15. (36 states now allow cannabis use for medical purposes.)

What is the best sector for 2021?

Energy is the best performing sector of 2021 so far. After an absolutely horrible 2020, oil and natural gas are rebounding into the newyear, helped by rising demand and prices. And among oil companies, Marathon is a bargain. The Houston, Texas-based company’s stock currently sits at $7.47 a share.

When will cryptocurrency go mainstream?

The year 2021 looks to be the one when cryptocurrency finally goes mainstream. A growing number of hedge fund managers and other institutional investors are taking positions in bitcoin (CCC: BTC) and Ethereum (CCC: ETH ), while online payment companies such as PayPal (NASDAQ: PYPL) and Square (NYSE: SQ) are enabling customers to hold cryptocurrencies in their accounts and credit cards are allowing people to rack up reward points in cryptocurrencies. It seems that bitcoin and other cryptocurrencies are no longer relegated to the fringes of the investing community.

When will Carnival be back in 2021?

With destinations stretching from the Caribbean to Alaska and throughout Europe, Carnival is sure to benefit from the resumption in travel that will take hold in the second half of 2021. While the industry continues to struggle amid the pandemic, sunnier days are on the horizon.

Is cannabis legal in Canada?

Cannabis legalization, notably in Canada, has not gone smoothly. And ACB has made several strategic errors along the way, acquiring incompatible businesses, selling more stock to fund its operations and overestimating its capacity, to name a few missteps. Yet, cannabis remains a huge industry with huge potential.

Is JetBlue going to be a good airline in 2021?

As an airline that specializes in flying to sunny destinations in the Caribbean, Mexico and South America, JetBlue will perform well once Americans start vacationing with a vengeance in the latter half of 2021. Consumer travel is forecast to return a lot faster than business travel, and that will certainly help JetBlue, which doesn’t even offer business-class seating on its flights. The low-cost carrier has also developed a loyal, almost cult-like following among bargain shoppers and price-conscious consumers. With $500, an investor could grab 33 shares of JBLU stock.

Key Points

Owning fast-growing companies with clear-cut advantages over long periods of time is a recipe for wealth creation.

NASDAQ: FB

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

You don't need a mountain of cash to build wealth on Wall Street

Despite there being numerous ways to build wealth, few pathways can offer the financial independence that can be achieved by putting your money to work in the stock market.

Exelixis

If bargain-hunting growth stocks is your thing, you're going to love biotech stock Exelixis ( EXEL 6.65% ).

NASDAQ: FB

Cabometyx is currently approved to treat first-and-second-line renal cell carcinoma (RCC), as well as advanced hepatocellular carcinoma (liver cancer). These indications alone should allow Exelixis' lead drug to generate $1 billion or more in recurring sales by no later than 2022.

Visa

If you have a long-term investing horizon, there's probably no such thing as a bad time to invest in payment processing company Visa ( V -0.85% ).

The Original BARK Company

It may not be the fastest-growing industry in the U.S., but the pet industry has proved virtually unstoppable. That's why a $500 investment in The Original BARK Company ( BARK -4.47% ), which you might know better as BarkBox, can go a long way.

How many members does Teladoc have?

That's great news for Teladoc. The company currently has over 51 million paid U.S. members, a number that should grow significantly as telehealth adoption increases. Teladoc should also become even more attractive to employers and payers when its pending acquisition of Livongo Health ( NASDAQ:LVGO) closes. Livongo operates a digital health platform for helping individuals manage chronic conditions like diabetes and hypertension.

What is the largest e-commerce platform in Indonesia?

Shopee stands as the largest e-commerce platform in Indonesia. It ranks No. 1 among shopping app downloads in Southeast Asia as well as first in the region for average monthly active users. The popularity of the platform is also driving increased adoption for its SeaMoney mobile wallet.

Is telehealth a part of the healthcare system?

A recent Harris Poll survey found that consumers now view telehealth as "an indispensable part of the healthcare system.". That's great news for Teladoc.

Is the iPhone a moneymaker?

While the iPhone is still the biggest moneymaker for Apple , the company's services segment has emerged as a top growth driver. Don't be surprised if the 5G launch also creates additional momentum for these businesses.

Does it take money to make money?

Sure, it takes money to make money. However, that adage scares away some people who don't think they have enough money to even begin investing in stocks.

Will iPhones support 5G?

The company holds its big Apple Event today, when it's expected to announce its newest iPhone version. This highly anticipated new version will be the first to support high-speed 5G networks. It's possible that up to 350 million of the close to 950 million current iPhone users will upgrade to the new 5G-equipped model.

What is a robo advisor?

Robo-advisors will build an investment portfolio for you, based on information you share like your goals and risk tolerance. They're one of the best ways to invest a small amount of money. You'll pay a small management fee for the service, but that fee is typically a percentage of assets under management, which means the amount you pay is tied to your account balance.

Why is diversification important?

Diversification is important because it spreads your investment around — when one investment goes down, another might go up, balancing things out.

How long does it take to open an IRA?

You can open an IRA at any online broker or robo-advisor. The process takes less than 15 minutes and can typically be done completely online. If you're on track for retirement or this money is earmarked for a different long-term goal, you can open a taxable brokerage account instead.

What is the best place to put money if you are not saving for retirement?

If you're not already saving for retirement — or you are, but not enough — the best place for this money is an individual retirement account.

Is there a ton of cash in a Roth IRA?

No, it’s not a ton of cash, but it is eight times your initial investment . Even better would be to use this windfall to kickstart an investment-savings habit by opening an account and auto-contributing $100 more per month. For example, open a Roth IRA with $500 and contribute $100 a month, and after 30 years and with a 7% rate of return, that cash will grow to $122,000.

Can you take out Roth IRA contributions at any time?

With any investment, the more time it has to grow, the better. But life often gets in the way. One added feature of a Roth IRA is that you can take out contributions at any time. (This differs from the rules about earnings , which you have to wait at least five years to withdraw from a Roth IRA. And with traditional IRAs, you have to pay taxes plus a 10% penalty for most withdrawals before the age of 59½.)

Does NerdWallet offer brokerage services?

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities.

How long did it take the S&P 500 to go into bear market?

It ultimately took less than five weeks to knock off 34% of the widely followed index's value. These are the fastest bear market declines we've ever seen on Wall Street.

Is Warren Buffett a portfolio manager?

By purchasing Berkshire Hathaway stock, investors are effectively making Warren Buffett their portfolio manager. Although diversification isn't exactly Buffett's forte, he does tend to align Berkshire's portfolio with the U.S. economy. This is to say that most of Berkshire's invested assets are held in traditionally cyclical sectors. While economic slowdowns are inevitable, one thing for certain is that the U.S. economy spends far more time expanding than contracting. That bodes well for the make-up of Buffett's investment portfolio.

What is the smartest move you can make when the stock market heads south?

One of the smartest moves you can make when the stock market heads south is to pick up shares of social media giant Facebook ( NASDAQ:FB). Although Facebook generates the vast majority of its revenue from advertising, and ad sales are likely to taper off during periods of economic weakness, a short time frame of weaker ad-sale growth should not scare investors away.

What to do with $500?

If you have $500 you can spare for investment purposes that won't be needed to pay bills or for emergencies, then you have more than enough to buy some of the best stocks during a correction. Image source: Facebook.

Is Berkshire Hathaway stock cheap?

Berkshire Hathaway is also historically inexpensive. Following Thursday's sell-off, it ended at just 17% above book value. By comparison, Berkshire has ended each of the past seven years valued between 31% and 59% above its book value. Perhaps it's no surprise then that the stock Buffett has been buying most recently is his own. If Buffett is spending billions buying back Berkshire stock, it's a big clue that investors shouldn't ignore.

Is Celgene a buyout?

A big catalyst working in Bristol Myers' favor is the completion of its Celgene buyout in November 2019. Celgene's Revlimid, a cancer treatment most often associated with multiple myeloma, may well become the world's best-selling drug one day. It's protected from a flood of generic entrants through January 2026, and has benefited from a growing number of multiple myeloma cases, longer duration of use, label expansion opportunities, and regular price hikes. For Bristol, it's just the type of cash cow investors can come to appreciate.

Is AT&T 5G?

As some of you may be well aware, the biggest catalyst for AT&T is the ongoing rollout of 5G infrastructure. While it'll be both costly and time-consuming to upgrade its wireless infrastructure, the benefits are clear. AT&T should expect a multiyear technology upgrade cycle and even higher data usage than was seen with 4G LTE networks. That's great news considering that AT&T's wireless division generates the bulk of its margin from data.

What is stitch fix?

Stitch Fix is revolutionizing how people shop for clothes by using data science to deliver a highly personalized styling service. Despite experiencing disruption with fulfilling orders during the crisis, the online styling service still grew its active clients by 9.1% year over year, bringing the total to 3.4 million. By late April, Stitch Fix experienced the highest level of auto-ship retention in the last three years. With just $1.7 billion in revenue, this is a relatively small company with a lot of headroom to grow over time.

How many users does Spotify have?

Spotify Technology ( NYSE:SPOT) is a leader in audio streaming, with 286 million monthly active users. It not only continues to attract new users at a rapid clip, but it's also expanding into exclusive podcast content, which management believes will increase engagement on the Spotify platform.

What are the two markets that everyone is familiar with?

Two markets that just about everyone is familiar with are streaming and online shopping. Both markets are experiencing strong growth and provide a ripe field in which to look for promising growth stocks .

Can you invest in stocks over index funds?

You don't have to sacrifice diversification by investing in stocks over an index fund. Several brokers are starting to offer fractional share trading, including Square 's Cash app and the Robinhood app, so you could invest $1 in each of 500 stocks, if that floats your boat.

Is it a good idea to invest in stocks?

It's always a good idea not to invest money you'll need in the next three to five years.

Is PayPal a dominant payment method?

PayPal has become a dominant force in online and mobile payments , with 325 million customer accounts. Net new active accounts hit a record in April, increasing by 140% over January and February levels. During the shelter-in-place period, PayPal started to see people use the Venmo app in new ways, such as donating to charities, buying goods at farmers' markets, and paying yoga instructors. PayPal has grown consistently over the years and should remain a rewarding investment as more people migrate to digital payments.

Is e-commerce a fast growing market?

E-commerce was already a fast-growing market before COVID-19, but the pandemic seems to have accelerated that shift. Two stocks I like here are Stitch Fix ( NASDAQ:SFIX) and PayPal Holdings ( NASDAQ:PYPL).

What is Robinhood trading?

Plus, Robinhood is one of the few micro-investing platforms that let you trade full stocks, mutual funds, options, and cryptocurrencies.

How much money do you need to start micro investing?

With micro-investing, you can start investing with as little as $5. This makes it the perfect option for college students or anyone who wants to start investing but doesn’t have a lot of disposable income.

What is a robo advisor?

A robo-advisor is a simple online investment platform. When you sign up, you’ll fill out a list of questions, and the company will create an investment portfolio for you. Your investment portfolio will be tailored to you and how conservative or risky you are.

What is a stash?

Stash caters to all different types of investors. When you sign up, you’ll take a brief survey to determine your level of risk tolerance when it comes to investing. From there, you’ll pick how much and how often you want to invest. And Stash lets you choose the types of companies you want to invest in.

What is P2P lending?

Peer-to-peer (P2P) lending is an alternative to traditional lending. Instead of taking out a loan from the bank, borrowers use services like Prosper that connect them to investors like you.

What is the average interest rate on a credit card?

According to the Federal Reserve, the average interest rate on a credit card is just over 15%. And if you don’t have a good credit score, your APR will likely be much higher. A high APR can add up to hundreds of dollars in interest every month.

How much interest do high interest savings accounts pay?

This is an easy, low-risk way to start earning interest on your money. The average high-interest savings account pays about 2% in interest.

How much is 1 Bitcoin?

While each kind of cryptocurrency has a price associated with the currency (e.g., 1 Bitcoin equals $29,813.80 and 1 Ethereum equals $1,798.11), these currencies work similarly to stocks in that they rise and fall.

How to invest $500?

If you’re looking to go with a straightforward investing route with $500, look into trying out peer-to-peer lending. This eliminates the middleman of a financial institution. Connecting lenders with investors at the source, is a place you can get personal about money, stocks, and investments.

What are the tasks of a robo advisor?

The best robo-advisors can take care of many of the tedious tasks that you would normally work with a normal advisor on, such as account management, goal setting, and portfolio management.

What are some examples of online courses?

For example, LinkedIn Learning and Coursera are just a few examples that can teach you anything from financial literacy, to music production, to learning to speak French.

How to save $500 a month?

After you pay off the past, look to the future and find ways you can save $500 each month and in your everyday life so you’re not constantly catching up on payments. Some examples are as easy as using money saving apps or include purchasing a home warranty on kitchen appliances at a one-time fee in case they break (instead of paying a much heftier fee later) or staying up to date on your car warranty in case of any accidents and/or part malfunctions. These are simple gestures and investments you can make right now in your everyday life that will save you hundreds of dollars in the long run.

What is a high yield savings account?

A high-yield savings account in particular, which has become increasingly popular, is a type of account that pays 20-25x more savings and interest rates than a standard savings account. This means you can earn money on your sum by having it simply sit in your account and collect interest!

How to set up a healthy financial future?

Setting yourself up for a healthy financial future starts by thinking about yourself early and often. Whether you are young and just beginning your career or in the middle of it, opening up , and contributing to , an IRA account should be a top priority. These types of IRAs allow individuals to set aside tax-free money over time that can grow exponentially.

What is Fundrise investment?

Fundrise allows you to invest in real estate without actually having to manage the real estate. The investing is done in one of their real estate investment trusts (REIT).

Why are ETFs different from mutual funds?

They are different because ETFs are traded just like stocks, so you can buy into one for much less than you can invest with a mutual fund.

How many free ETFs does M1 finance have?

Being able to buy into thousands of stocks and not having to purchase full shares is a big bonus. M1 Finance with more than 2,000 free ETFs to trade with makes this a very easy decision for diversifying my stock investments.\

How much does Fundrise cost?

What makes Fundrise even more awesome is that you can get in for exactly $500. The low entry cost makes it a perfect fit for our purposes of putting our 500 dollar investment in a place where it can grow.

How many commission free ETFs does M1 have?

M1 has more than 2,000 commission-free ETFs. You get to buy your first set of ETFs for free, putting your entire investment into actually investing.

How do I sell stuff on Etsi?

People all over are selling items on Etsi.com and others sell by building up a facebook group by starting with their friends and getting those friends to suggest other people join the group. Other ideas for selling stuff include Craigslist, Ebay, and local flea markets.

How many categories should I watch to buy?

You should focus on items that you really know and where there is a market for the purchase. I would spend some time watching maybe two or three categories and see what is being sold, for how much, and how quickly.