With so many investment options available, it can be overwhelming to know where to start. The recent market downturn has made it even more challenging to identify the best stocks to buy. While it’s impossible to predict which stocks will deliver the best returns, this article aims to suggest ten potential options for long-term investors looking to invest their money wisely in 2023.
Before delving into the stocks, there are a few important points to keep in mind. Firstly, selecting the best stocks to buy is highly dependent on individual financial circumstances. Therefore, it’s important to establish an emergency fund, allocate assets effectively, and consider when it makes sense to buy stocks. Additionally, while these stocks are deemed as long-term investments, their performance in the short term is uncertain. Factors such as inflation, interest rates, economic uncertainty, and recessions could impact their returns.
The following list of stocks is not intended to provide full diversification. Instead, it represents the author’s top picks for long-term investment in 2023 and beyond. Investors looking for diversified holdings should consider building their portfolio around something like the Vanguard Total World Stock Index Fund ETF (VT 1.31%).
Overall, this article is intended to serve as a starting point for investors seeking to make informed investment decisions in 2023.
The following is a brief overview of my top 5 long-term stocks to invest in:
- Etsy – a platform that connects craft makers with customers looking for unique products. It grew at more than twice the rate of overall e-commerce during the pandemic and has the potential to reach a market opportunity in the hundreds of billions of dollars.
- Pinterest – an oasis of positivity in social media that focuses on ideas. It has a massive opportunity when it comes to monetization of its users, especially as it pivots away from its traditional ad-focused model to incorporate e-commerce into its platform.
- Realty Income – a well-rounded stock for long-term investors, as it is a real estate investment trust that primarily invests in recession-resistant, single-tenant retail properties. It has produced 14.6% annualized total returns since its NYSE listing in 1994 and has paid over 600 consecutive monthly dividends.
- Block – formerly known as Square, it has evolved from a payment processing hardware company to a massive financial ecosystem for merchants and individuals. It processed $186 billion in payment volume over the past four quarters, and with many potential growth verticals, it earns a spot on my top 5 best stocks to buy now.
- Shopify – a platform that allows businesses of all sizes to sell their products online. It focuses on empowering smaller businesses and establishing long-term relationships with them. With a subscription plan starting at $39 per month, it also offers many adjacent services that help businesses operate smoothly.
