At any given time, even experienced investors have questions about what stocks to buy. This is particularly true for beginners. Many beginning investors know that a long-term plan to build wealth has to include stocks. But it can be easy to fall into the trap of “analysis paralysis” or the trap of that comes from the fear of missing out (FOMO). Both of these mistakes can seriously impact the ability to achieve your financial goals.
A properly balanced portfolio requires diversification. A good way of thinking about diversification is like a restaurant menu. Investors want to choose some stocks from every part of the menu. Value stocks, growth stocks, stocks that offer growth and value, and dividend stocks are just a few sectors that should be in your portfolio.
And that still leaves room for a few desserts. For example, the metaverse is one of the hottest new sectors. But while the sector itself carries significant risk, there are some safe stocks that you can buy now and own for the long haul.
In the report, Thomas Hughes walks investors through several distinct categories of stocks. When you finish reading the report, you’ll have 10 stocks that can form the base of a diversified portfolio.