So, you want to play the stock market? Make sure you know what you are getting into. As billionaire and legendary investor Warren Buffett put it: traders who think they can “dance in and out [of the market] and buy and sell stocks, they ought to head for Las Vegas.” Before you consider the best stocks to buy, it is worth thinking of your long-term game plan.
What are the best stocks to buy right now?
Now, onto the important question of the day. What are the best stocks to purchase in 2021? To play the markets, you need to read the news. Last year the financial markets were rocked to their core by the COVID-19 pandemic.
The Biden administration in the United States, the global vaccine program, and the rise of industries such as e-commerce, clean energy, and fintech will have important roles in the future of the markets.
Brokers will be no stranger to the concept of the Fourth Industrial Revolution. Many believe that we are entering a new age whereby the digital, physical, and biological worlds will come together thanks to innovative new technology. Climate change will also impact the stock market, with many investors keeping an eye on companies investing in clean energy and solutions to the global energy storage problem.
As brokers look forward through 2021, here are some of the best stocks to invest in right now:
Palantir Technologies – PLTR
Palantir Technologies is a software platform that deals in big data. More importantly, they are the leading company being used by the US government to track and monitor COVID-19 data. PLTR will also be integral to the roll-out of the COVID-19 vaccination program across the United States.
Biden has a goal of 200 million vaccinations in his first 100 days in office. With PLTR integral to meeting this target, many eyes are on this stock. BlackRock Investment Management and the Soros Investment Fund have invested in PLTR. For a company that grossed $322 million in revenue in a single quarter last year, and with stock going for about $20, you should too.
NIO – ignore the dip: this is still one of the best stocks to buy right now
When it comes to clean energy and the green revolution, there are many stocks to consider. There is a lot of buzz about NIO, an electric car company known as the “Tesla of China.” The stock dipped recently, and there are concerns over a global chip shortage. Many people believe that NIO is set for long-term growth. With the reduced prices now could be the best time to buy.
Invinity Energy Systems – IVVGF
With “going green” at the forefront of the global agenda, it seems logical to invest in companies that create clean energy and zero-carbon solutions. A bigger problem, however, is how the world will store all of this energy.
Enter Invinity Energy Systems (IVVGF). This company is the world’s leading supplier of vanadium flow batteries. IVVGF makes giant batteries that do not degrade over time and can help set up renewable energy grids. The world has a problem, and IVVGF has a solution. This could be one of the best stocks to buy right now.
TradeOR – your 101 on buying and selling stocks
For the best stocks to buy in 2021, think Industry 4.1 – this means companies related to AI, cloud computing, and clean energy, and more. To play the stock market you need to do the right research. Choose a broker that offers market insight and analysis tools. TradeOr is a broker platform with integrated tools like ChartIQ and TradingView. Join TradeOr and access exclusive trade analytics, real-time data and share insight with fellow traders.
Playing the long game
Investing is a long game. Traders looking for a quick buck could be missing much greater wins ten years down the line. Warren Buffett would tell you to spread your money across different companies and diversify your positions over time. Buffett bought his first stock at age 11 and today he is among the richest people in the world, with a tidy fortune of $110 billion. It pays to listen to his man!