|Ha! WFC is one of the stocks recommended for investors in their 20s. After the beginning of the article, only the WFC section is copied below:|
10 Stocks That Every 20-Year-Old Should Buy
September 13, 2018
Investing in your 20s is not only smart, it’s exciting. The best part about creating a long-term portfolio — whether while going back to school or taking time off — is having the time to invest in undervalued companies. When looking at stocks to buy in your 20s, it’s all about opportunity cost, which is spent in spades throughout your late-teens and as an aimless 20-something. Long-term investors have the benefit of time, allowing them to ride out turbulence others can’t.
Your 20s are a time of future gazing, and as an investor, you should choose adaptable companies capitalizing on current trends. Just remember, no matter how solid the investment, it will go through periods of ups and downs.
Centering your portfolio around risky stocks, however, isn’t a brick-by-brick blueprint toward retirement wealth — you should also consider faithful, dividend-paying stocks. Just like knowledge, wealth grows slowly and steadily.
While there are some stocks analysts claim you can hold “forever,” it’s important to keep up with what’s in your portfolio and make changes according to how each company develops.
If you’re a 20-something looking to capitalize on long-term growth and dividends, then the following 10 stocks to buy are worth a look.
Stocks to Buy in Your 20s: Wells Fargo (WFC)
Wells Fargo stock
Wells Fargo & Co (NYSE: WFC) used to trade at an incredible premium because the bank was seen as a best-in-class company whose efficiency was unparalleled. The bank has fallen on hard times, however, due to a seemingly undying fake-account scandal. In spite of this, now is a great time to buy the beaten down stock.
The trouble with WFC right now is a problem of perception — most people aren’t sure when the effects of the scandal will finally resolve. But if you’ve got a decade or two to wait, then it’s really not an issue. The public has a short attention span, and the scandal is likely to clear over the next year.
In true WFC fashion, the bank has started to implement cost-saving measures like closing branches and transitioning its business more toward digital banking. These moves will help WFC thrive in the future as more and more banking transactions take place online rather than in person.
Once the bank has fully absorbed the impact of this scandal, WFC is likely to reclaim its place at the top of the financial sector and shareholders who were willing to wait it out will reap the rewards.
[snip to end - some of the other stocks mentioned are IBM, NFLX, FB, BIDU, and WM]