Got $500? 3 Great Stocks That Will Make You Richer
If there's a prevailing theme for investors this year, it's volatility. Always present in the stock market, volatility has been especially pronounced in 2020 on the heels of the coronavirus disease 2019 (COVID-19) pandemic. The benchmark S&P 500 lost a third of its value in roughly a one-month span during the first quarter, then recouped all of its losses under five months. That's a decade worth of volatility crammed into just six months.
Though volatility can be worrisome at times, it also represents a bona fide opportunity for long-term investors to put their cash to work. Historically, every stock market correction and crash has eventually been erased by a bull market rally. As long as investors give their investing thesis ample time to play out in a basket of innovative companies, they usually come out ahead.
Best of all, building wealth in the stock market doesn't require you to start with a mountain of cash. If you have $500 that won't be needed to pay bills or cover emergencies, you have more than enough to buy the following three great stocks, all of which can make you richer.
Source Fool.com
