Great companies to invest in can be found in any market environment if you know how to look. One important consideration for finding a great investment opportunity is to give more credence to the underlying business than to the stock price. Another is to diversify your holdings.

When investing for the long term, put your cash (whether it's a large amount or a relatively small investment of $500) into companies across a range of sectors. This will help you expand your portfolio steadily with time while ensuring that you're not overly reliant on a single type of business.

If you have $500 to invest in stocks right now, here are two top growth stocks to that can help diversify your holdings.

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Source Fool.com