The Ultimate Growth Stock to Buy With $500 Right Now
Growth stocks come with pros and cons. They can supercharge a portfolio, but they often come with a lot of risk. If you invest in growth stocks, make sure to buy a basket of different ones -- you won't know which will climb and which will crash. Diversify further by owning safe and secure stocks to balance them out.
However, your best bet is buying growth stocks that don't come with a lot of risk. Think they don't exist? Check out Nu Holdings (NYSE: NU).
Nu is a digital bank based in Brazil and also serving Mexico and Colombia. It's been in business in Brazil for about 10 years, and although it's firmly established there, it's still growing at a rapid pace.
Source Fool.com
