Top 5 Best Stocks to Buy Now (Beginners Edition)

When you purchase stock, you are actually purchasing a piece of a company. If you’re not sure where to begin with your stock investment, then don’t worry. Because in this post, I recommend the top 5 best stocks to buy now for beginners.

Warren Buffett – ” It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

With any investment, stocks also have the same level of risk. On the other hand, there are a few things you should think about before focusing on future investment.

First, pay off existing debts to ensure you’re in good financial standing.

Second, create an emergency fund. As a result, when you need money, you don’t have to sell those stocks because you often have more success if you buy and hold the stocks for several years.

So, let’s get started!

Some of the Basic Terms that a Beginner Should Know

There are some important and basic terms that you should know, which are as follows:

1. The New York Stock Exchange (NYSE)

The NYSE (New York Stock Exchange) is the largest stock exchange in the world. This stock exchange, located at 11 Wall Street in Manhattan, New York City, handles billions of dollars in trades daily, with a total value in the tens of trillions of dollars.

2. NASDAQ

The Nasdaq is the world’s second-largest stock exchange, founded in 1971 by the National Association of Securities Dealers. Nasdaq, which is also located in Manhattan, is a publicly-traded company with its own exchange that generates hundreds of millions of dollars in trade revenue each year.

Top 5 Best Stocks to Buy Now For Beginners

Below are the top 5 stocks that you can buy if you are a beginner or even if you have some knowledge of stocks.

1. Apple (NASDAQ: AAPL)
2. Costco Wholesale (NASDAQ: COST)
3. Amazon (NASDAQ: AMZN)
4. Alphabet (NASDAQ: GOOG)
5. Microsoft (NASDAQ: MSFT)

1. Apple (NASDAQ: AAPL)

Apple is another top tech stock that consistently produces top-tier revenue and returns for investors. As a result, Apple is an excellent buy-and-hold stock for new investors.

However, Apple is known for creating the iPhone, iPad, iTunes, AppleTV, iCloud, and the Apple Watch. Apple also sells a wide range of high-end personal computers, such as the Macbook Pro and Macbook Air.

If you invested $5,000 in AAPL five years ago, your shares are now worth around $15,000. Not bad at all! And, with the company releasing new products on a regular basis, I believe that Apple’s stock will continue to rise.

2. Costco Wholesale (NASDAQ: COST)

Whether you’re looking for paper towels or a new television, Costco has everything you want. On the other hand, the company’s stock has also delivered a steady upward over the years. Costco shares are currently trading at around $500 per share, which is close to their all-time high.

But they show no signs of letting up. Costco had more than 100 million cardholders at the time of the most recent count, a figure that has been steadily rising alongside the company’s stock price. The company could even raise its annual fee by $5 to increase profits and continue to expand internationally.

Costco recently announced plans to open new stores in China and France, and plans to enter the New Zealand market for the first time in 2022.

3. Amazon (NASDAQ: AMZN)

Amazon (AMZN) is my personal favourite and one of the best-performing stocks of all time. Not only because I’ve made a lot of money from it, but also because I believe that the company will surely grow in the future. Because Amazon has so many ways to win, including more and more areas of online sales, web and antminer hosting, subscriptions, and even self-driving cars.

Amazon’s stock has tripled in value in the last four years. In the same time frame, their annual revenue has more than doubled.

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4. Alphabet (NASDAQ: GOOG)

Alphabet is the parent company of Google, which is the world’s largest search engine. The company is also in charge of all Google Ads, Android, Chrome, Google Cloud, YouTube, Google Maps, and other products and services. Moreover, like Amazon, this company has a lot of ways to win. 

Alphabet is one of the largest as well as most profitable companies in the world. On the other hand, this company has over $278.139 billion in revenue in June 2022 and is projected to exceed. Their products and services are in nearly every computer and mobile device.

Over the last three years, Alphabet’s revenue has increased by more than 60%, while the company’s stock price (GOOG) has more than doubled.

5. Microsoft (NASDAQ: MSFT)

Microsoft is one of the most valuable stocks in the United States of America, competing with Amazon and Apple for first place. It had dropped to third place at the time of the last count.

Microsoft is still going strong, providing computers, hardware, software, and cloud computing to millions of users all over the world. 

Microsoft stock is currently trading at around $342 per share. Like many smart tech companies, Microsoft has found a way to make itself more valuable to users even though Microsoft is going through a tough time.

That is why I recommend Microsoft as a good stock for beginners to buy.

Conclusion

This is the end of this post, which is the top 5 best stocks to buy now. If you’re still not sure where to start, I recommend doing some deep-searching and planning before jumping in.

When you’ve identified a few companies that meet your criteria and risk tolerance, the next step is to buy stock in your brokerage account.

Moreover, the stock market is constantly changing, and those looking to invest must be aware of its frequent ups and downs. Do your research and evaluate what is best for you in the long run.

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