So you want to start building your investment portfolio while still in college to save and multiply your money. Despite all the risks and the volatility of the stock market, this might be a good strategy for future financial freedom and success.
The stock market is growing rapidly. Currently, as many as 150 million Americans are already investing in it. And according to statistics, they can receive an average annual return on investment of 10.41%.
For students, this means an opportunity to preserve their money and build solid capital for the future. However, it requires choosing assets wisely. To ensure success, find a professional paper writing service to complete my assignment and have more free time for investing without harming your grades and academic performance. And let’s tap into the best stock options to invest in for the long term together!
1. Broadcom Inc. (AVGO)
Broadcom is a company that was formed after the merger of Avago and Broadcom. Currently, it’s a very diversified and promising manufacturer that produces microchips for high-end devices.
According to the Forbes Advisor, Broadcom Inc is the best stock to invest in this year. It boasts some of the most attractive forward P/E ratios of 13.4, which reflects its forecasted earnings per share of the company in the next 12 months.
2. Apple Inc. (AAPL)
The next option is pretty obvious. Apple is a leading tech company that has the largest market capitalization among US public companies. Due to this reason, it boasts the most reliable stock performance in the past five years.
Recently, the company demonstrated an impressive 20%+ EPS growth. Although it’s projected to slow down a bit in the next 10 years, it’s still a solid asset to invest in to gain long-term benefits.
3. Elevance Health, Inc. (ELV)
The next opportunity to consider is to purchase stocks of one of the US’s largest health insurance providers. Currently, Elevance Health serves around 119 million people, and it keeps growing.
The company’s stocks have also shown steady growth over the last five years. Currently, it boasts a 12.2% annual EPS, and it’s projected to keep growing at 11.9% annual EPS.
4. Costco Wholesale Corp (COST)
The next option might surprise you. When deciding to invest in stocks, most students would think about companies like Apple, Tesla, and similar, and they wouldn’t likely purchase the assets of Costco. But this is in vain.
Throughout its history, Costco has built a cult-like following among its investors and customers. It has been growing rapidly in the last five years at an average annual EPS of 15.9%. And the good news is that, currently, it’s sold at around 20% below its 2022 price.
5. Mastercard Incorporated (MA)
Everyone knows what Mastercard is. The company has been around for years and has already established an excellent reputation. Now, it’s the second-largest payment-processing company in the world. So there are some good reasons to invest in it.
The company’s stocks boast an impressive forward P/E rate of 29. On top of that, they are projected to grow at 20.6% of yearly EPS. In fact, that’s the highest growth projection on this list. So if you want to ensure the success of your investments, it makes sense to choose Mastercard.
6. Dollar General Corporation (DG)
The last investment opportunity suggested by an expert writer from one of the best research paper writing services may also look somewhat odd. Dollar General is known as one of America’s biggest discount retailers. It’s known for offering hassle-free and affordable shopping opportunities. Currently, it operates over 18,000 stores across 47 states. And it grows rapidly.
Throughout the last five years, Dollar General impressed investors with a high 17.9% average annual EPS growth and a 19.6 forward P/E ratio. Although its stocks are projected to slow down to 11% annual EPS growth, it still remains an option worth investing in.
The Bottom Line
The stock market is incredibly huge and diversified. That is, there are plenty of options to consider if you are looking to invest your money and multiply it.
Yet, the options given in this guide are considered to be the best long-term investments based on their steady growth, as well as rising earnings and sales. On top of that, all these options have seen smaller drops in price compared to 95% of the existing stocks. As a pleasant bonus, each of these assets can be currently purchased at cheaper values than seen in years.