Motley Fool
The Best Stocks to Buy With $500 Right Now
The stock market hasn’t been an ideal place for investors to park their money in 2022 as major indices such as the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite are all in the red this year thanks to factors including a hawkish Federal Reserve, high inflation, and macroeconomic headwinds. The average stock market return has been solid over the years and now may be a good time for investors to pick up some top stocks that have witnessed a brutal sell-off in 2022. If you have $500 to spare right now — you don’t need the money in the next few years, your high-interest debt is paid off, and you’ve got your emergency fund set — then it could make sense to buy shares of Shopify (NYSE: SHOP), Snowflake (NYSE: SNOW), and Nvidia (NASDAQ: NVDA).
