Investing in well-established companies boosts your chances of profit. In the 84 years leading up to 2010, large-cap stocks returned an average of 11.9 percent per year. During the same time span, small-cap stocks returned 16.1 percent. One of the best ways to get rich and make money is to invest in the stock market. If you put $10,000 into the stock market and wait 30 years, your money will have grown to $100,000. If you put the same money in a bank account for 30 years, it will be worth $18,000. If you’re a first-time investor with $1,000 to invest in the stock market, this article will show you some of the greatest possibilities. The majority of these stocks are in high-growth industries with exponential growth potential. EVs, solar, artificial intelligence, e-commerce, and biotechnology are among these fields.
Insider Monkey discusses the 10 best stocks to invest your $1000. Invesco Solar is one of the top solar ETFs to invest in if you want to cash in on the global trend. SolarEdge Technologies, Enphase Energy Inc, First Solar, Inc., and Sunrun Inc. are among the fund’s significant holdings. Inuvo, Inc. is well-known for its AI-based solutions that assist businesses in placing and optimizing their advertising products. The stock is ranked 9th on the list of the top stocks to buy with a $1,000 investment. Inuvo has been losing money, but as advertisers look to invest in AI solutions, they are increasing their spending on digital marketing. Nokia Corporation is one of the top stocks to buy with a $1000 investment. The stock is ranked number eight on the list of the top stocks for new investors. Nokia’s first-quarter results were above analysts’ estimates, and the company continues to secure significant 5G contracts. NIO Inc. is one of the top long-term EV stocks to invest in. Infrastructure and Battery-as-a-Service (BaaS) products from the company are in high demand. It is ranked #7 on the list of the top stocks to invest $1000 in. In the first quarter, revenue at Advanced Micro Devices, Inc. increased by 92 percent, exceeding street projections by 7.25 percent. As of the first half of 2020, the company has raised its share of PC chip sales to over 17%. For more details, click 10 Best Stocks to Invest Your $1000.