Where to Invest $10,000 Right Now
The coronavirus is pumping the brakes on a long bull market. If you invested $10,000 in a fund tracking the S&P 500 market barometer at the start of 2010, your investment would have been worth $30,220 on Feb. 18, 2020. But the market barometer fell 12% over the next 10 days, reducing that decade-ago investment to $26,490 at the end of February.
You should expect the market to stay volatile until the coronavirus situation has been handled. In the meantime, I would suggest picking up a few solid dividend stocks that add more value to your portfolio when stock prices are going down. Right now, three of the best options for a $10,000 investment would be technology giant IBM (NYSE: IBM), drugstore chain Walgreens Boots Alliance (NASDAQ: WBA), and tobacco titan Altria (NYSE: MO).
Each one of my three suggestions comes with a unique investing thesis. If you have $10,000 of uninvested assets at hand today, you could divide it between these three tickers or put all of it into the idea that suits you best. Either way, you can't go wrong with these three no-brainer buys right now.
Source Fool.com
