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The Best Stocks to Invest $50,000 in Right Now
Managing a lump sum payment can be tricky. Whether it's an employee bonus, family inheritance, or the sale of an asset, people will sometimes receive huge deposits into their personal balance sheet. Obviously, we all would like a $50,000 gift deposited into our bank account. But it does present a good problem to be solved: What to do with the money? Unless you have major outstanding debts, the best place to park the money is the stock market, which has a long track record of superior wealth generation compared to other savings vehicles.Deciding to put your money in the stock market is only the first step, though. You then have to decide which stocks you are going to buy for your portfolio. Here are two cheap technology stocks you can buy with $50,000 today.The first stock on my list is one of the most under-discussed technology companies in the world, Coupang (NYSE: CPNG). It debuted in an initial public offering (IPO) in 2021 with a valuation of $85 billion, making it one of the largest IPOs of the last few years. Continue reading
Managing a lump sum payment can be tricky. Whether it's an employee bonus, family inheritance, or the sale of an asset, people will sometimes receive huge deposits into their personal balance sheet. Obviously, we all would like a $50,000 gift deposited into our bank account. But it does present a good problem to be solved: What to do with the money? Unless you have major outstanding debts, the best place to park the money is the stock market, which has a long track record of superior wealth generation compared to other savings vehicles.
Deciding to put your money in the stock market is only the first step, though. You then have to decide which stocks you are going to buy for your portfolio. Here are two cheap technology stocks you can buy with $50,000 today.
The first stock on my list is one of the most under-discussed technology companies in the world, Coupang (NYSE: CPNG). It debuted in an initial public offering (IPO) in 2021 with a valuation of $85 billion, making it one of the largest IPOs of the last few years.
