Investing in stocks simply means acquiring little shares of ownership in public companies. It is nothing much more than that. Those little shares you may have acquired are called the company’s stock, and when you invest in them, you hope the company continues to expand and increase its revenue and income over time. In the event that the company does well enough, your shares in it become more precious and valuable, and some other investors may start looking to buy them from you at higher prices than you bought them for.
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So, straight to the business of the day, we will be looking at some of the cheapest stocks one can buy in the stock market today that have the potential to give profitable returns in the long run. We can start by reiterating that investing in the stock market requires time, patience, and money. But you do not need to break the bank to become a successful stock investor. In fact, most successful investors in the market today started small, and grew their wealth over time. Taking those little steps would set you up for bigger things in the long run. You may also want to read my previous blogs such “The Bill Gates Stock Market Moves“.
Starting investors should take the first steps of investing by putting money into what we call a brokerage account. This account helps you invest in stock mutual funds or shares of stocks. With a brokerage account, you can start investing with a single share of a company.
Here are some steps to investing in the stock market;
- Decide how you wish to make investments in the stock market. It can be done by choosing companies and stocks on your own or by hiring experts to help with the process. You can also invest in your employer’s 401(k).
- Select an investing account. This is very important, and it can be done with little money. You can open a brokerage account by yourself or open a robo-advisor brokerage account.
- Next, understand the difference between stocks and funds’ investments. You just have to make a choice between individual stocks and exchange-traded funds.
- Then, you set a specific budget for your investment. Ask yourself, how much is needed for your investment? In this blog, we will be talking about the baby investment steps one can make with very little amounts.
- Invest for the long-term. Investments in stocks have proven to be one of the most efficient ways to grow wealth for the long term. Since we will be talking about little amounts, this step will be very crucial because it will take a lot of patience to turn your little investments into massive ones.
- Finally, you should be ready to manage your portfolio. This is the most important step in investing. Without proper portfolio management, it will be difficult to come up with the right returns on your investments. Keep track of what is happening, and be sure it is in line with your investment goals.
Even though it is quite possible to invest with little amounts of money, you need to understand that you need the right type of investment. You need to do your homework and research to find out just which company is good enough to maximize returns on your little investment. Luckily for you, I have done the homework and research, and have come up with the best stocks one can buy with very little amounts.
What are those cheapest stocks that you can buy with your little money in the stock market today?
Zix Corporation (ZIXI): During the pandemic, most companies came up with a lot of strategies to cope with the situation. More people started to work from home, and as you may know, most of the work had to be done over the internet. Well, this means higher risks due to viruses and hacks that are present on the internet, and this company has come up with a proficient solution for this. Some of their security services include data loss prevention, email encryption, and securities for mobile apps and websites. Since most companies are beginning to go more and more digital, they will need some form of digital security, and this will maintain the company’s relevance in the long term.
Gamida Cell Ltd (GDMA): It is a biotechnology company that specializes in treating complications that come with rare blood disorders. Their most recent breakthrough was investing in a treatment to help blood cancer patients recover faster from blood marrow transplants. After positive results, their stocks and potentials are beginning to skyrocket, so you can always cash in on the opportunity before that happens.
Accuray Inc. (ARAY): This is another company that occupies the medical space just like Gamida Cell ltd. They are more focused on making radiotherapy a more precise, effective, and accurate treatment for patients suffering from cancer. They work on the principle of minimal exposure of their treatments to other healthy parts of the body, giving the patients a better chance of surviving and recovering quickly. Like other companies in the medical space, there was a limitation to in-person treatments, which meant they had to struggle financially. But when things go back to normal, you might be glad you had the stock in your portfolio.
Vaxart (VXRT): With the coronavirus pandemic hitting the world as hard as it can and huge progress to finding vaccines and cure, this company is hoping to be a game changer. Although there are a lot of companies that have worked hard to create a vaccine, they are being innovative enough to try and create the vaccines in the form of pills. They are also diversifying, venturing into different forms of cell therapies, which they hope to use in the treatment of viruses. If you believe in the long term and want a company with the potential to give great returns in the future, you might just be looking at one.
Barnes & Noble Education (BNED): This is the tertiary education branch of Barnes & Noble booksellers which aims to provide learning resources and materials for universities, other academic institutions, and even directly to students. You will agree with me that its sales were negatively affected by the COVID-19 pandemic, but they adapted to the online version of learning for their clients. These clients were fully appreciative of the solution, and this may be a good time to take this opportunity before things return to normal.
FAT Brands Inc. (FAT): This group owns a variety of food stores and restaurants in different locations around the United States. Surprisingly, they have been able to open even more restaurants via their solid franchise during the past year. Yes, you can say there will always be a demand for food, no matter the situation of the world and the economy. They have also acquired certain companies that can boost their brand and revenues.
Caspar Sleep (CSPR): After a very long day, you might want to rest your head. This company can provide you with just that. Even though they started online, now they have retail stores around the U.S. Their unique strategies would help them boost their revenues, and investors might want to have a second look at their stock prices before they shoot over the moon.
Casper Sleep Inc., together with its subsidiaries, designs and sells sleep products to consumers in the United States, Canada, and Europe. It offers a range of mattresses, pillows, sheets, duvets, bedroom furniture, sleep accessories, sleep technology, and other sleep-centric products and services. As of December 31, 2020, the company distributed its products through its e-commerce platform, 67 Casper retail stores, and 20 retail partners. The company was formerly known as Providence Mattress Company and changed its name to Casper Sleep Inc. in January 2014. Casper Sleep Inc. was incorporated in 2013 and is headquartered in New York, New York.
Sirius XM Holdings (SIRI): When we go over to the entertainment market, we can always talk about this company. After merging with XM radio in 2008, they are in pole position to dominate the satellite radio market, even though they have competition from Spotify and Apple music. They have acquired the podcast app, Stitcher, and are seeing great returns and more users. You might just want to consider investing in this stock.
Jushi Holdings Inc. (JUSHF): Medical marijuana is gaining more and more popularity in the world of medicine, and it may be a wise choice to start investing in it now. CBD-related products are now being touted for their scientific and medical benefits, and this may put Jushi Holdings Inc. on a front foot. There has been growth in their stock prices, and future earnings are looking promising. Now that their stock prices are low, it could be a good time to invest in their stocks.
There you have it. We have discussed some of the cheapest stocks with promising potentials. You must note, however, that low stock prices are widely known for volatility, but they can still be a great addition to any portfolio. Start investing today.
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Recommended books further reading:
- The Little Book of Common Sense Investing
- Stock Market Investing For Beginners: The Investment Guide
- The Five Rules Successful Stock Investing
- Rich Dad’s Guide to Investing
- Keys to Success – Napoleon Hill
- How to Make Money in Stocks: A Winning System In Good Times And Bad
If you are looking to open an investment account, follow these links below:
- Passive income
- Silver & Gold coins
- Interactive Brokers
(‘68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.)