The Smartest Stocks to Buy With $20 Right Now and Hold Forever

The great thing about investing today is that you don't have to start with a lot of money. Transaction fees are often zero for trades, and fractional shares allow you to buy small pieces of a share of expensive stocks.

But investors still need the right mindset of long-term investing and buying great companies, whether you're putting a few dollars or a few million dollars to work. If you're putting $20 to work in the market right now, I think three stocks to buy and hold forever are Spotify (NYSE: SPOT), NextEra Energy Partners (NYSE: NEP), and (NASDAQ: PYPL), because they have what it takes to be long-term winners.

Spotify has made the economics of streaming work for the music industry, and it's built a market-leading position in the process. But the company hasn't been a big winner for investors yet, which I think will change in 2024.

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Source Fool.com