Where to Invest $5,000 Right Now
The stock market has been in manic-depressive mode as of late, surging early in June on the euphoria of the country's economic reopening, as well as a surprise jobs gain in the June 5 labor report. However, the market gave almost all of those gains back late last week, after some gloomy commentary from Federal Reserve officials, who now plan to keep interest rates at zero until at least 2022.
What does all of the volatility mean? That you can pick up shares of great companies to buy and hold for the long term. And while stocks relating to the reopening economy have shown a big rally lately, I think it may be time to refocus on stronger technology-related companies that help power the new, more digitized economy. And with lower interest rates here until at least 2022, these companies, which can grow even in a depressed economy, should fetch a premium down the road.
In that light, here are three rock-solid companies that play into these long-term trends. Got an extra $5,000? Then you should think about scooping up shares of these three top companies today.
Source Fool.com
