Investing in the stock market doesn’t require a lot of money thanks to fractional investing, which allows you to invest in any company even if you can’t afford a whole share. The key to building wealth through stock investing is consistent contributions to your portfolio. Even if you find a stock that doubles in value, it will only have a significant impact on your portfolio once it reaches a certain size, like $100,000.
If you only have $500 to invest, consider putting it into compelling growth stocks like Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), Duolingo (DUOL), Robinhood (HOOD), Nu Holdings (NU), and Deckers Outdoor (DECK). These companies offer strong growth potential and long-term catalysts for further acceleration.
For example, Meta Platforms has seen significant revenue growth and dominance in online advertising, making it a reasonable investment with popular social networks under its belt. Microsoft is well-diversified and has been consistently outperforming the market, especially in areas like artificial intelligence. Nvidia is leading the AI boom and maintaining impressive growth rates. Duolingo is a smaller company with strong financials and a rapidly growing user base. Robinhood is innovating the brokerage industry with its commission-free trades and enticing benefits like Robinhood Gold. Nu Holdings is a Brazilian digital bank with a booming customer base and expanding financial services. Deckers Outdoor, the parent company of popular brands like Hoka and Ugg, is gaining market share in the athletic apparel industry.
These stocks offer potential for growth and are worth considering for your investment portfolio.