Got $1,500? You Can Confidently Add These 3 Stocks to Your Portfolio
Inflation is arguably the top economic story of the last couple of years. Indeed, consumer purchasing power is down 16% since the beginning of 2020. That means $1,500 would only buy $1,260 worth of goods today. But there is a way to be better off. Instead of purchasing consumer goods that rarely increase in value, consider taking that $1,500 and investing in terrific companies.
As shown below, a $1,500 investment in Vici Properties (NYSE: VICI), Amazon (NASDAQ: AMZN), or AbbVie (NYSE: ABBV) increased 51% to 110%, far outpacing inflation. Now, inflation is currently falling, which is good news. These companies are still terrific investments, and that is excellent news.
Source Fool.com
AbbVie Inc. Stock
€152.18
1.590%
The stock is an absolute favorite of our community with 21 Buy predictions and no Sell predictions.
As a result the target price of 174 € shows a slightly positive potential of 14.34% compared to the current price of 152.18 € for AbbVie Inc..
