Got $10,000? Here Are 3 Stocks to Buy
There is no better time to invest than now, as the saying goes. Starting as soon as you can ensures that you not only compound your wealth over time, but also start accumulating a dividend stream that will provide you with useful passive income. Rather than segregate investors into either growth or income, I believe you can enjoy the best of both worlds by setting up your investment portfolio with a healthy mix of each type of stock.
You should adhere to a set of criteria when choosing suitable stocks for your portfolio. Companies should have a strong brand or competitive moat ensuring they can continue to draw customers. They should also possess a long growth runway and be innovative in launching new products and services that generate customer loyalty. It also does not hurt if a company has a strong track record of growing its dividends as this means it can likely continue doing so.
So if you have $10,000 to spare, here are three stocks you might want to consider accumulating.
Source Fool.com
