Investing in stocks can be a great way to grow your wealth over time. But it’s important to do your research when it comes to deciding which stocks to add to your portfolio. You need to consider factors like the company’s track record, their current financial health, and their growth potential. You also need to consider the type of stock you’re Investing in, such as value stocks, growth stocks, dividend stocks, and ETFs.
One of the most popular stocks to consider is the Vanguard 500 Index Fund ETF, which is a passively managed index fund that tracks the S&P 500. This has been a popular choice for many investors, including Warren Buffett, as it provides good exposure to a variety of stocks and has a low expense ratio. Over the long run, buying and holding shares of this ETF should generate significant returns. Buffett wouldn’t recommend it if he didn’t believe in it.
Another stock to look at is HP Inc. Buffett recently invested $4 billion in the company and its stock has been on a tear since then. In fact, management puts its addressable market at $1 trillion. That’s why patient investors should pick up a few shares of this growth stock in order to benefit from its long-term potential.