3 Stocks to Get You Started Investing in 2020

Congratulations! You've done the hard work of setting aside cash that can be put toward your future. Taking money that you won't need for several years and investing it in stocks is a great way to build your wealth over time, but you need to be smart about it. Rather than buying the hot-tip stock you heard about from your uncle, investing in well-run companies you are familiar with is a better way to build a solid foundation for your portfolio.

Three stocks that can help you get started investing this year are Amazon (NASDAQ: AMZN), Mastercard (NYSE: MA), and Home Depot (NYSE: HD). Let's take a look at why these three can be a great way to start your investing journey and I'll wrap up with a thought that can improve your odds of success.

Amazon has grown considerably since it started selling books online 25 years ago. It has built a fast and reliable fulfillment network, with just about anything you want to buy available on its website (including groceries), and also has a massive cloud hosting business (Amazon Web Services). In recent months, the pandemic has made it clear that e-commerce is here to stay, and Amazon leads the way as the go-to choice for consumers.

Source Fool.com