Where to Invest $10,000 Right Now
The novel coronavirus is an invisible enemy that has brought global economies to their knees in just a few months. More than 3.5 million confirmed coronavirus cases and roughly 250,000 deaths around the world have been recorded.
The unemployment rate in the United States stands at 4.4% while the unemployment rate in Canada is close to 8%. A drastic fall in consumer spending and a spike in unemployment rates have driven equity markets lower. Despite an impressive surge last month, the S&P 500 is still trading 17% below record highs, at the time of this writing.
This is a good time to buy top-quality stocks with strong fundamentals. If you have $10,000 right now that you don't need for the next five years, you could consider investing it in these three stocks to generate wealth over time. Even if the market corrects from current levels, good businesses remain safe bets for long-term investors.
Source Fool.com
