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3 Stocks I'm Excited About Buying3/16/2023
My whole strategy when it comes to investing is to buy stakes in businesses that I want to own for a significant period of time that is selling for a fair valuation. I want to own these companies for as cheap as I can get, and I want to buy as many shares of the company that I can get my hands on. That's my strategy. Here are three stocks that I plan on buying shares of.
1. SoFi Technologies SoFi is one of my favorite stocks in my portfolio. I own shares of the company already, but the stock has recently fallen to $5.45 a share. I was very happy to see the share price drop as I am trying to buy as many shares as I can as cheap as I can get them. I'm biased as I use the company and really like them, but when one looks at the growth rate that they are experiencing, I don't get how one would not come to the conclusion that this is a good business to own. 2. Meta Technologies This is probably going to be a controversial pick, but Meta has a very dominant ad business that is getting better. Their stock took a major downturn due to several factors one key one being Apple hurting is advertisement business. Last quarter, however, Meta showed that businesses return on investment for ad spend is growing, and I believe that it will keep getting better. I also see that Facebook, Instagram, and WhatsApp are all growing in users. WhatsApp is also starting to be monetized which I am a fan of. I think that this company is in a good position for growth. The share price has already been growing quite a bit though, but I still want to buy the stock. 3. Blackrock Blackrock is the largest asset manager. They currently have around $8.6 trillion in assets under management (AUM). Blackrock makes money by charging fees to manage those assets. This company is just so dominant. A lot of 401ks invest in funds owned by Blackrock. Many people invest in exchange traded funds (ETFs) that Blackrock owns. Most people reading this probably have some percent of their investment portfolio managed by Blackrock, and some don't even realize. Even during the market downturn last year, Blackrock saw inflows of cash into their funds. These are three stocks that I am excited to buy. These three stocks might not fit everyone's investment goals so don't invest in anything solely based off of this article. Follow us on social media and turn on notifications to be alerted of blog posts on other stocks.
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