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Got $5000? 5 Stocks to Consider for This Month

where to invest $5000
Nemanja Curcic

Summary: There are many different ways to relieve yourself of five grand. However, investing is the only path forward if you want to make that sum larger. This guide will highlight five stocks where it would be best to invest $5000 this month and explain how to do that using a reputable online brokerage like eToro.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

How to invest $5000?

Few are willing to risk $5000 easily, so you should carefully consider every aspect of your potential investment. It is vital to establish your risk tolerance, time horizon, financial objectives, and level of active involvement before investing. 

Regardless of your previous investing experience, comprehensive research must be done to ensure an increased chance of success.

Where to invest $5000?

To maximize your chance of success, you should carefully consider where you should invest your $5000. We have conducted comprehensive research and come up with the following stocks that could be worth your principal:

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

1. Nvidia (NVDA)

Nvidia Corporation (Nasdaq: NVDA) is an American multinational software and technology company focused on graphics processing units (GPU) and various semiconductor innovations. Additionally, it is at the forefront of artificial intelligence development and automotive design. 

Got $5000? 5 Stocks to Consider for December 2023: Nvidia homepage screenshot.
Nvidia homepage screenshot. Source: nvidia.com

A company with a highly diversified and lucrative portfolio, Nvidia is a household name in tech and a vital component of our society’s technological advancement, with products such as the CUDA API, Tegra mobile processors, and Nvidia Maxine audio and video processing. 

Currently listed among the Nasdaq-100 and the S&P 100 index components, NVDA is one of the best answers to where to invest $5000. 

NVDA stock price today


2. Kraft Heinz (KHC)

The Kraft Heinz Company (Nasdaq: KHC) is a global food company formed by the merger of Kraft Foods and H.J. Heinz company. It is North America’s third-largest food and beverage producer and the fifth-largest worldwide by annual sales. Besides Kraft and Heinz, the conglomerate owns over 50 other popular brands, like Oscar Mayer, Planters, and Philadelphia Cream Cheese. 

Got $5000? 5 Stocks to Consider for December 2023: Kraft Heinz homepage screenshot.
Kraft Heinz homepage screenshot. Source: kraftheinzcompany.com

Kraft Heinz has a global reach and a diverse product portfolio. Its stock, KHC, is a constituent of the Nasdaq-100 and S&P 500 indices. The company itself is ranked 153rd on the 2023 Forbes 500 list. 

KHC stock price today


3. Intuit (INTU)

Intuit Inc. (Nasdaq: INTU) is an American multinational fintech company with a portfolio of popular financial apps like the tax preparation TurboTax, the accounting tool QuickBooks, and personal finance Mint. The company is a vital financial management segment for individuals and businesses worldwide. 

Got $5000? 5 Stocks to Consider for December 2023: Intuit homepage screenshot.
Intuit homepage screenshot. Source: intuit.com

Intuit’s bookkeeping and accounting products and services assist millions by optimizing and streamlining finances. Its trademark features include user-friendly apps and simplified administration, securing its position in the U.S. market and the global financial sector. It is a component of the Nasdaq-100 and S&P 500 indices.

INTU stock price today


4. Boeing (BA)

The Boeing Company (NYSE: BA) is a renowned American aerospace producer and one of the world’s largest aerospace and defense conglomerates. It manufactures several vital aerospace products, including airplanes, rotorcraft, rockets, and missiles. Furthermore, the company is the fifth-largest defense contractor and the largest U.S. exporter by dollar value. 

Got $5000? 5 Stocks to Consider for December 2023: Boeing homepage screenshot.
Boeing homepage screenshot. Source: boeing.com

It is among the principal players in the aviation and aerospace development scene, contributing with state-of-the-art aircraft like the 737, 747, and 787. Boeing has also teamed with NASA to bolster the company’s space exploration efforts. Employing a workforce of over 150,000 and remaining an integral component of the Dow Jones Industrial Average index, Boeing makes a reliable option to begin your $5000 stock investing project.

BA stock price today


5. Microsoft (MSFT)

Microsoft Corporation (Nasdaq: MSFT) is an American multinational technology giant known for Windows, its ubiquitous operating system, and prevalent productivity software like Office. A leader in the personal computing sector, it operates a portfolio comprising cloud computing services, gaming platforms like Xbox, and many other digital services. Lately, it has embraced and focused on the artificial intelligence revolution.

Got $5000? 5 Stocks to Consider for December 2023: Microsoft homepage screenshot.
Microsoft homepage screenshot. Source: microsoft.com

As one of the largest software companies in the world and companies with the largest market capitalization in general, Microsoft is one of the Big Five American IT companies and a formidable global player in the industry. It is a component of the Nasdaq-100, S&P 100, and DJIA indices. 

MSFT stock price today


Where to buy stocks

Investing in stocks is straightforward, and you can trade stocks within minutes. Our recommended choice for this is eToro. Enjoying widespread popularity with over 30 million registered accounts, it stands out for its robust features, including:

  • Commission-free stock and ETF trading; 
  • 2,000+ stocks from 17 exchanges;
  • Fractional shares available;
  • Charting tools;
  • User-friendly platform.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Pros and cons of investing $5000 in stocks

Pros

Pros

  • Growth potential: Stocks offer the potential for capital appreciation, allowing your investment to grow over time, potentially more than traditional assets like bonds;
  • Diversification: Another reason why stocks are where you should start investing $5000 is their relatively low price, which allows investing in a variety of stocks. A diversified portfolio can help mitigate risk, dampening the impact of subpar performance from a single stock;
  • Dividend payments: All the recommended stocks have a history of paying dividends, which allows investors to benefit from a steady stream of revenue in addition to value appreciation;
  • Liquidity: Stocks tend to be very liquid assets, allowing you to buy and sell them quickly and easily compared to other financial assets.
Cons

Cons

  • No guarantees: While stocks have the potential to outperform many financial assets in the long term, they may not do well within narrower timeframes and always carry a risk of failure, like any other investment asset;
  • Volatility: Stock prices tend to be highly volatile, leading to the risk of substantial short-term losses and putting investors in an emotionally charged position that can jeopardize their long-term strategy;
  • Time and effort: When buying individual stocks, you yourself must manage your portfolio. In other words, you must regularly check various company health indicators and overall market conditions, adapting your strategy as necessary. This effort can be labor-intensive;
  • Individual company risks: Even with diversification, individual stocks can be affected by company-specific issues like poor management or product failures.

For more trending investments to make this month, consider the following guides:

Common mistakes to avoid when investing

Make sure to avoid these common investing mistakes:

  • Lack of research: Research these stocks in detail, along with the general state of the stock market, before investing;
  • Lack of strategy: Set your goals before you spend any money;
  • Staking everything on one asset: Always diversify your portfolio;
  • Falling prey to scams: Avoid illegal platforms and suspicious deals.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about where to invest $5000

Can I lose money if I invest in stocks?

Every investing endeavor poses a risk of financial loss. However, you can mitigate this risk by diversifying your portfolio and adopting a long-term outlook.

How should I invest $5000?

One of the best ways to spend $5000 is to invest in growth- and value-driven stocks like Nvidia (NVDA), Kraft Heinz (KHC), Intuit (INTU), Boeing (BA), and Microsoft (MSFT)

Where to invest $5000 right now?

If you decide to invest your principal, we recommend you stick with long-term-friendly and value-driven stocks like we listed in this article. You should use a regulated brokerage like eToro to engage in stock trading.

What are the best stocks to invest $5000 this month?

After a thorough analysis, we have decided on five stocks with great potential to multiply your money. These stocks are Nvidia (NVDA), Kraft Heinz (KHC), Intuit (INTU), Boeing (BA), and Microsoft (MSFT).

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