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Looking for the best stock to buy now? Below we offer some advice on deciding which one to buy. And give you our pick on the #1 stock to invest in right now.
We pride ourselves on being totally honest with people here. We’re not stock analysts. We don’t sell and investment newsletter. We just want to provide readers with the best, unbiased information to handle your own finances.
So, here’s the thing when it comes to the “best” stock. No one knows. We’ll give you pick down below. And we think it’s a good one.
But, truth is, no one knows what the “best” stock really is. Especially some random, free article on the Internet. Or, even worse, some pick you read about on social media.
And it doesn’t even matter what your financial goals or investment style is.
Yes, the “best” stock for a day trader is different than the one for a long term buy and hold investor. It’s different for those looking for nice dividends vs those who just want the stock with the biggest run up in stock price.
No matter what you’re looking for, no one knows what the best one will be.
Even the top stock picking gurus out there get it wrong. A lot.
Sure, they may dazzle you with their supposed brilliance. They’ll thump their chest about the 500% return they got on this stock and 300% on this one. And on and on. But they get a lot wrong too.
To be fair, there are some truly credible sources for stock picks out there that get it right more than they get it wrong. And one of the beauties of investing is it only takes one or two stocks like an Apple or Tesla (historically, at least) that shoot to the moon to make your portfolio’s return look nice and juicy.
The trouble is it ain’t so easy to pick the Apples and Teslas of the world in the stock market.
With all that said, we did promise you our best stock pick. And we’ll give you one.
Our best stock pick is IVV, the S&P 500 ETF from iShares.
Now, technically, IVV isn’t really a stock. It’s an Exchange Traded Fund (ETF). But it trades like a stock. And it’s made up of a basket of stocks.
As you can guess from its name, it tracks the performance of the stocks that make up the S&P 500 index. This index contains many well-known US companies like Amazon, Apple, Microsoft and more. It represents about 80% of the market value of the stock market here in the U.S.
Why do we recommend this as our best stock?
Because it’s the lowest risk pick for most investors. It’s impossible to pick what stock is going to get you the highest returns. But, based on historical performance, the S&P 500 will go up over the long haul.
This makes the IVV a great, relatively safe place for you to invest in the market. And our pick for “best” stock.