The significance of financial freedom is perhaps one of the most important lessons learned during the COVID-19 pandemic, for regular working people. As unemployment reached new highs and stimulus payments got delayed, many people found themselves in a financial bind as businesses ceased operations and even huge enterprises shut down for months.
When it comes to financial independence, investing in the right stocks is a fantastic decision. Stock investment can seem confusing initially, but with the right guidance, stocks can reap incredible monetary rewards. Stock trading is not simple, but it is not unattainable also. To understand whether a stock is right for your investment decision, you need to track various parameters. For instance, if you are interested in Amazon stock, you would have to follow and understand the amzn stock forecast, regularly track its performance in the past and understand the technical analyses offered by experts.
Here, let us take a look at five such stocks, which experts feel, are ideal for achieving financial freedom.
1. Fidelity National Financial, Inc.
Fidelity National Financial, Inc. (NYSE: FNF) was formed in 1847 and is a Florida-based insurance and settlement services corporation. It’s one of the top ten stocks to buy for financial freedom, and it comes in first. Over the last year, Fidelity has returned more than 70% to investors. The corporation, which has a market capitalization of nearly $13 billion, caters to the real estate and mortgage industries. Trust operations, trustee sales guarantees, recordings and reconveyances, and home warranty insurance are among the services provided by the organization. The company has a decent dividend history and is a good pick for income investors. The corporation issued a quarterly dividend of $0.36 per share on May 6, consistent with past years. 3.11 percent was the future yield. With 11 million shares worth more than $455 million, Houston-based investment firm Windacre Partnership is the largest shareholder in Fidelity National Financial, Inc. (NYSE: FNF) among the hedge funds tracked by Insider Monkey.
- NVIDIA Corporation (NASDAQ: NVDA)
It is a technology business established in California that sells high-powered hardware for computers, laptops, and other devices. It is ranked number two on the top ten stocks to invest in for financial freedom. During the previous year, NVIDIA stock has returned more than 72 percent to investors. As online games get more popular, handheld devices become more powerful, and a chip scarcity in the industry drives up the price. The company has explosive development potential.
3. The Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc. (NYSE: GS) is a financial service and investment bank based in New York and established in 1869. It is the third-best option stock to buy for financial independence on our list of the top ten best stocks to buy. In the last year, Goldman Sachs stock has returned more than 104 percent to investors. Corporations pay regular dividends to the investors. Strategic consultancy assignments linked to mergers and acquisitions, divestitures, corporate defense actions, restructurings, and spin-offs are among the services offered by the firm.
4. CVS Health Corporation
CVS Health Corporation (NYSE: CVS) is a healthcare company situated in Rhode Island and started in 1963. It’s one of the top ten stocks to buy for financial freedom, it ranks fourth. In the last year, CVS stock has returned more than 42 percent to investors. With huge assets in big pharmaceutical brands and health insurance companies, the corporation has a wide range of interests in the health industry. The company has over 1,000 clinical facilities and close to 10,000 retail locations across the United States.
5. MasterCard Incorporated
MasterCard Incorporated (NYSE: MA) is a financial services firm in New York that started operation in 1966. One of the best stocks to buy for financial independence on our list of the top ten best stocks to buy. Over the last year, Mastercard stock has returned more than 26% to investors. The company is most known for payment-related services, offers cyber and intelligence solutions, information and analytics services, consulting services, loyalty and reward programs, and open banking services, among other things. You’re wondering why advertisers are promoting to have their message broadcast on the platform?