Investing in stocks is great if you are a long-term investor. If you are a short-term investor, you may make some profits over the short-term but the volatility of the stock market does not always favor short-term investments. As a smart investor, you should always look to invest in stocks that can give you at least a fifty percent return in the next three to five years. That is what we can classify as a viable investment. In this blog, I will be discussing two of the best stocks I’ve added to my portfolio in recent times. These stocks were added to my portfolio after I made the necessary research and went through their balance sheets statements, financial reports, and projections for the coming years.
First of all, we need to note that the market indexes have gone up a bit recently. The DOW was up more than one percent, the S&P 500 was up about two percent, and the NASDAQ was up almost three percent. It is the hope of investors that the market keeps recovering. Check out my other blogs such as, “Starter Stocks: Some Great Stocks For Your Portfolio In 2021“.
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So, without wasting any more time, let us jump into the business of the day.
Two stocks I added to my portfolio and why I did so:
Corsair Gaming Inc. (CRSR)
This company sells its shares at about 34.07 dollars a share and has a market cap of about three billion dollars. This company is known for the production of streaming-related and gaming products. Their products get real reviews on all the online stores in existence today. It says a lot of positive things about the company. The company has recorded sales growth of above eleven percent already in 2021. It is projected that they may see up to twenty percent sales growth rate but time will tell. Their Forward P/E is about twenty-four but some people are of the opinion that they d=are doing better than the numbers shown. They are actually facing stiff competition from HP, and it is good news because it shows that the gaming industry is striving.
Pfizer Inc. (PFE)
This company sells its shares at about 35.13 dollars a share and has a very large market cap. It is a great company whose stocks can be classified as dividend stocks. It has a forward dividend and yield of more than four percent. This stock is projected to bring in dividends of about three dollars per share, and it is surely a good investment.
I have added these two stocks to my portfolio in the hopes that they will appreciate and give returns in the long term. Always remember that investing in stocks is a long-term investment. If you liked this blog, please like and share it. Also, do not forget to subscribe to my channel and join my Facebook page. Drop your views and comments in the comment box below. We will love to hear from you.
Recommended books for further reading:
- Investing QuickStart Guide: The Simplified Beginner’s Guide to Successfully Navigating the Stock Market, Growing Your Wealth & Creating a Secure Financial Future
- The Barefoot Investor: The Only Money Guide You’ll Ever Need
- Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week
- Investing Demystified: How to create the best investment portfolio whatever your risk level
- The Five Rules Successful Stock Investing: Morningstar’s Guide to Building Wealth and Winning in the Market