The Best Stocks to Buy With $500 Right Now
The stock market hasn't been an ideal place for investors to park their money in 2022 as major indices such as the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite are all in the red this year thanks to factors including a hawkish Federal Reserve, high inflation, and macroeconomic headwinds. But investors shouldn't forget that the stock market gives investors one of the best avenues to increase their wealth in the long run.
The average stock market return has been solid over the years and now may be a good time for investors to pick up some top stocks that have witnessed a brutal sell-off in 2022. If you have $500 to spare right now -- you don't need the money in the next few years, your high-interest debt is paid off, and you've got your emergency fund set -- then it could make sense to buy shares of Shopify (NYSE: SHOP), Snowflake (NYSE: SNOW), and Nvidia (NASDAQ: NVDA).
Shares of e-commerce platform provider Shopify have dropped 73% so far in 2022, but investors have seen some respite of late thanks to impressive third-quarter results that were released last month.
Source Fool.com
