The Smartest Stocks to Buy With $20 Right Now and Hold Forever
At the end of last year, there were a lot of good stocks trading below $20 per share as the market endured a difficult bear retreat and brought down the prices of a lot of good stocks. But a surging stock market in 2023, particularly in the technology sector, has moved a lot of them up above that $20 per share mark. However, there are still some good growth names in the sub-$20 range -- including an exchange-traded fund (ETF).
Here are two investments trading at less than $20 per share that are long-term buy and holds.
Not to be confused with the mutual fund of the same name, the Fidelity Growth Opportunities ETF (NYSEMKT: FGRO), which launched on Feb. 2, 2021, is a relative newcomer. But this actively managed ETF is overseen by the same team, led by Kyle Weaver, that runs the Fidelity Advisor Growth Opportunities Fund, which has been around since 1987 and has more than $16 billion in assets under management.
Source Fool.com
