How to invest in NFTs

May 15, 2023
10 MIN READ
144 VIEWS
Investing in growth stocks can be a great way to earn life-changing wealth in the stock market. The key, of course, is to know which growth stocks to buy and when.

Many growth stocks have been routed through the first half of 2022. While the index crashed about 20%, the S&P 500 Growth index fell 28% through the first six months of 2022. Some growth stocks fell much more, with stock prices cut by half or two-thirds. If you can identify a growth stock with strong fundamentals, now could be a great opportunity to invest. To help you get started, here’s a handy guide to growth investing. With these tools and strategies, you’ll be able to position your portfolio for long-term success with growth stocks.

Pick an index

There are hundreds of different indexes you can track using index funds. The most popular index is the S&P 500 Index, which includes 500 of the top companies in the U.S. stock market. Here's a short list of some additional top indexes, broken down by what part of the market they cover:

Before we get to the stocks, let's acknowledge three caveats:

  • Choosing the best stocks to buy today heavily depends on your personal financial situation. To get a feel for where you stand, read our guide on how to invest in stocks. It walks you through topics such as establishing an emergency fund, allocating assets, and when it makes sense to buy stocks.
  • I like these stocks as long-term investments. I have absolutely no idea what they'll do over the next few weeks or months. In fact, if inflation stays elevated longer than expected or the U.S. falls into a recession, it's entirely possible that most or all of these could decline in the near term.

Final takeaways

If you're starting on your investing journey (or if you want a sanity check), please read through our how to invest in stocks guide. It goes through all the basics, from how to get started to how to determine your personal investing strategy, to how much of your money to invest in stocks.

Although I'm bullish on each of these stocks and think they are good stocks to buy right now, they might not be the best choices for investors who don't yet have established and diversified portfolios. If you're just getting started, you'll also want to see the 15 best stocks for beginners. To be sure, I think the 10 stocks discussed here are some of the best long-term stock investments you can buy now. But it's wise to start with the stocks that speak to you, and feel free to ignore the ones that don't.

Good luck!