Get rich by playing the market smartly!
It’s been a tough last 18 months for the world in general… war in Europe and now the Middle East (again!), rising food and utility prices, society seeming to crumble and fracture, faltering and overburdened public services, and a cost-of-living crisis… it’s all rather depressing news these days, it seems.
Supplementing Your Income
But with people’s budgets being squeezed more and more, the idea of supplementing your income is becoming a much more attractive prospect, and one of the best ways people have achieved this is through investing in the stock market.
Purchasing shares in a company can actually be a very tidy little secondary revenue stream if you play it smartly and know what you’re doing. And you really do need to know the overall landscape of the stock market as 2022 proved to be somewhat of a challenging year for even seasoned investors with the S & P falling by 19.4% from its average a year previously and Nasdaq plunging even further with a whopping 33.1%. And set against the background of persistently high inflation and interest rates in addition to predictions of a coming recession have all made potential investors somewhat skittish and holding on to their money.
Can I Invest In Stocks?
This has led to an unprecedented opportunity for investors willing to risk their money in the current choppy waters of stocks as the sluggish market and reduction of value in certain stocks means that there is room for even newbie investors to take a gamble and purchase stocks once beyond their financial reach. They say good business is where you find it, and to that effect, this article will detail 5 of the best stocks to invest in as we near the end of 2023.
Ready for sound financial advice that could put $$$ in your pocket? Then let’s go…
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1. Etsy
The e-commerce giant saw its stock go up like a rocket during the pandemic as more and more people turned online for purchasing items. So rapid was its stock price elevation that at one point it was trading at double the price of other publicly-traded e-commerce companies. Etsy has had a bonanza 2023 so far, with overall sales up a staggering 175% on pre-pandemic levels, and this can only be good news for its shareholders and potential investors.
But even with bumper sales – $13 billion to be exact during 2022 – Etsy, like most other companies, has seen its stock value fall in the midst of a hostile economic environment and this means a golden opportunity to snap them up at a discount, with a stock value once valued at $120 a share now trading for $70.
2. Walt Disney
The so-called ‘Magic Kingdom’ is certainly a lot less magical these days and has seen a turbulent last 12 months with the ousting of former CEO Bob Chapek, the return to that position of his predecessor Bob Iger, a string of very costly flops at the box-office (with conservative estimates of around $900 million in losses), a very public spat with the Governor of Florida Ron DeSantis (now being litigated in court), some very bad press and backlash from many quarters as Disney dives deep into the culture war, and some of their most valuable IPs such as Marvel, Star Wars, and Indiana Jones all struggling to maintain viewers’ interests the way they used to.
Disney stocks are now trading at around $86 which is a catastrophic drop of 59% on its all-time-high of $201 set in March 2021.
3. PayPal
Once a rock-steady stock option, PayPal has never recovered from the effects of the pandemic and its stock value is currently trading for less than it was during that time. 2022 was a particularly bad year for the company as it shed an eye-watering 62% of its share value and lost its lucrative partnership with e-commerce giant eBay.
PayPal’s stock is currently trading at a bargain-basement $57 per share, but with predictions of a commercial upturn for the company in 2024, now is the time to grab them cheap while you can.
4. CitiGroup
The international banking conglomerate has had a healthy 2023 in business but like all major publicly-traded companies, has seen its stock plummet from previous highs even after the worst of the pandemic. But despite that, CitiGroup’s stock has produced a very healthy 5% return to shareholders consistently and looks set to continue into 2024.
Currently trading at $41 a share, this an absolute open goal for long-term investors to provide a nice revenue stream for themselves when the stock regains its luster.
5. Shopify
The e-commerce titan has seen a bumper last three years as the pandemic forced people away from brick-and-mortar stores and into the digital realm for buying and selling… and they haven’t looked back since! This has made Shopify a colossus in the e-commerce field, second only to Amazon, with a staggering $153 billion in combined sales over the last year alone.
Thanks to the turbulent economic headwinds still blowing through the economy, Shopify has taken a hit on share value, currently trading at $54, making it a very affordable and canny investment for long-term returns on investment.
In Conclusion
The 19th U.S. President Rutherford B. Hayes once said “the bold enterprises are the successful ones”… so be bold, invest wisely, and earn your success. Good luck!