The stock market is jam-packed with countless opportunities to secure a wealthy future for yourself. Deciding which stock to invest in is not a cakewalk but requires good research, knowledge, and capital. To help you out, these are the top 5 stocks to buy now which can pave the path to your millionaire future.
Best Stocks To Buy Now For Profitable Future Returns
There are five excellent stocks that are poised to reward their investors this year. Each of these stocks is the most compelling buy and is poised to reward you with a handsome future return in the long haul.
Here's the top 5 stocks could make you a fortune in 2021:
#1: Walt Disney (DIS)
Disney is firing on all cylinders at the moment, and if you are looking for one of the best stocks to buy now that will help you secure a wealthy future, think no more. Investors are highly excited about Disney's future because of its release of the amazing rookie season at Disney +.
The pandemic wave is settling down, and Disney is looking forward to reopening its parks, resorts, and cruise lines with all the safety measures. Once it reopens, there is no doubt that it will be jam-packed with flocks of Disney lovers, which will eventually boost its revenue and profit. The next real growth driver for Disney stock is going to be big-budget theatrical releases.
Disney + is going to drive more than expected revenue as its subscribers have soared to almost 86 million now. If this figure continues to rise, the management expects to see a figure as high as 260 million by 2024, making it one of the best profitable stocks for the long haul. Disney's streaming service is growing at a significant rate, and there is no doubt that it is going to be one of the best stocks to own in 2021.
#2: Lemonade (LMND)
Lemonade is an insurance technology company that has soared to 1 million customers with just over four years in business. By leveraging artificial intelligence, technological advancements, and a customer-friendly approach, they intend to create an insurance experience seamless and more advanced. Their claims process is quick and pain-free, and creating your personalized insurance plan is just a matter of 90 seconds with their AI-powered application.
Lemonade is rapidly gaining share in the homeowners, renters, and pet insurance markets amidst these unusual times and cost-savings. The company announces that it has just started testing a life insurance product. If the product successfully creates a quality customer experience for more than 1 million people, this stock could be a game-changer and one of the best stocks to buy now.
Lemonade has no plans of stopping its growth, making it the best stock for the future run. Products like auto insurance are expected to be on the horizon, as mentioned by the management. In addition, the company is expanding its borders internationally with a successful launch in France in 2020. In the coming months, this disruptive upstart has more plans to enter the $800 billion term life insurance market that will help them soar to profits. It's almost true here that when life gives you "lemons," squeeze them to own your future fortune with this profitable stock.
#3: Advanced Micro Devices (AMD)
Advanced Micro Devices have ascended to the limelight of the stock market with its unique features and proprietary products with the gallop of technology and innovations. This Silicon Valley startup is a global manufacturer of semiconductor devices that are used for high-performance computer processing in systems such as desktops, Pc's workstations, etc. AMD was able to boost its growth during the pandemic with more people working and learning from home. There was a substantial sale of personal computers, and the worldwide PC shipments climbed over 13% over the year to 300 million in 2020.
AMD's major focus is on graphics processing, enhancing the speed of rendering images, and data processing for large cloud and data center applications. It had a revenue rise of 56% over the year to $2.8 billion in the third quarter.
As technology is still in its advancing phase, companies like AMD are considerably the best stock to buy for securing good fortune in the future. Apart from this, AMD also produces chips for Sony's PlayStation 5 and Microsoft Xbox Series X consoles. With the PC market expected to soar stronger in the coming years and the rapid sale of gaming systems worldwide, investors can expect a good return by investing in this profitable stock.
#4: Moderna (MRNA)
The pandemic year was indeed a hands-on and profitable year for Moderna, the biotechnology company. Moderna wasn't a popular name in the pharmaceutical sector until it introduced its messenger RNA (mRNA) technology and developed a vaccine that could play a significant part in slowing down the spread of COVID-19. The coronavirus vaccine gained authorization in a broad swath of countries, and it became the second company to win approval in a competitive race of dozens.
Moderna's coronavirus vaccine is unique in its content because it contains mRNA that pushes our body to produce a structure similar to the virus's spike protein. This will further trigger our immune system to create disease-fighting antibodies and T-cells that will protect us from the virus.
This stock is now developing 24 other drug candidates, including potential vaccines for the seasonal flu and human immunodeficiency virus (HIV), with the cash generated from the COVID vaccine. Being such a visionary in the pharma sector, Moderna is one of the best stocks to buy now for future returns.
#5: Square (SQ)
Square is a payment and point-of-sale solution company that has shown tremendous growth over the past few years. The company had a huge demand during the pandemic and provided people services like Credit card processing, website building, and business financing. Along with helping its merchant customers grow their business, Square boosts up its profits alongside.
The durability of economic expansion concerning its contractions, which will bode well for consumer spending, and the fact that Square receives its GPV from larger businesses with an annualized GPV of at least $125,000 makes it one of the best stock to buy now and for the foreseeable future.
Square's extensively popular peer-to-peer payment platform, Cash App, plays a significant role as its growth driver. Between December 2017 and June 2020, Cash App's monthly active user(MUA) count surged from 7 million to more than 30 million people. With the new norm of cashless transactions paving its way and the growth of Cash App, Square will generate a big chunk of profit in the coming years, and its shareholders are poised to benefit from it.
The Bottom Line
2021 has brought with it a plethora of profitable opportunities within the stock market. If you are planning to invest your hard-earned money in a dream to secure a wealthy future. Think no more because these are the best stocks to buy now that are poised to grow explosively in the future.
Wondering if Ethereum is worth investing this year? Use the guide below and get your question answered!
Ethereum has lately attracted a lot of attention and many crypto enthusiasts are beginning to wonder if it is a good investment in 2021. Well, like the plethora of other cryptocurrencies, Ethereum is still highly volatile and might be a risky investment. However, if you are looking for long-term investment and won’t mind a few losses along the way, it might be worth the shot.
While it is still struggling with a market capitalization that is five times smaller than that of Bitcoin, Ethereum has a lot of room for growth. This makes it an ideal choice for investment especially if you are just getting your feet wet in crypto investing.
By the end of this guide, you should be able to decide if Etherium is a good choice for your investment needs or you should consider other altcoins. We will also reveal some of the most credible exchanges to get Ethereum and how to avoid losing your money.
Well, in this guide we are going to talk about Ethereum - the pros and cons of an Ethereum investment, Ethereum vs Bitcoin, and why you should consider investing in Ethereum. By the end of this guide, you’ll have a greater understanding of Ethereum — and you will be able to answer the questions “is Ethereum worth buying?”, and if so, "what is the best exchange to buy Ethereum?".
Before that, let’s clear out a common misunderstanding.
What is Ethereum?
Contrary to popular belief, Ethereum is not a cryptocurrency per se. It is merely a foundation or platform for creating digital financial systems commonly known as DeFi (Decentralized Finance).
The cryptocurrency that powers the Ethereum platform is known as Ether. However, most people refer to Ether as Ethereum so much that Ethereum has become a standard term for the cryptocurrency.
While there are numerous DeFi projects on Ethereum, Ether is the only trustless asset on the platform which means higher demand. This makes Ethereum a 3-in-1 asset since it can be a capital, consumable or collateral asset, all at once.
So, Should You Buy Ethereum in 2021?
The volatility surrounding cryptocurrencies and the fact that Ethereum has seen much less mainstream adoption than Bitcoin means that a lot of people are still on the fence as to whether they should invest in it.
Although the smaller market cap might come across as a red flag for investors, it is actually a proxy for the massive room for growth. Like most cryptocurrencies, the price of Ethereum is unsteady but has grown from a record low to above the $1,900 mark.
Many crypto experts are confident that Ethereum’s record high price is imminent this year. For example, Raoul Pal, a Macroeconomics expert and former Goldman Sachs employee, is pretty bullish about Ethereum’s future. Pal predicts that the cryptocurrency’s price could surge to a record high of $20,000 in the current cycle.
This kind of confidence makes Ethereum an alluring prospect for investors looking to establish their footing in the crypto market. Having said that, Ethereum is a promising investment for young investors but is, nonetheless, still fairly speculative.
Crypto investors believe that Ethereum is worth buying in 2021 compared to other coins. Experts believe that Ethereum price could grow further this year.
Let’s quickly look at some of the reasons why Ethereum could be or could not be a good investment for you.
Why You Should Buy Ethereum
While we generally think that Ethereum makes for a good investment in 2021, we do not guarantee that you won’t lose your money. Being a speculative investment, it might not be a good option for you if you are risk-averse.
However, being the world’s second most popular crypto by market capitalization, Ethereum boasts of an enviable backing from the crypto community. As one of the most sought after digital assets, there are a number of reasons why buying Ethereum might be a good investment for you.
Here are some of the perks you get to enjoy as an Ethereum investor.
✅ It’s a liquid investment:
This means that the cryptocurrency can be easily converted into fiat currency without significantly affecting its value. There are many exchanges and brokerages where you can sell Ethereum for cash or other assets for a small fee.
✅ It has a low inflation risk:
Fiat currencies such as the pound sterling are regulated by governments which means they have high inflation risk. On the other hand, cryptocurrencies such as Ethereum are more transparent with low inflation risks. So, you don’t have to constantly worry about your investment losing value.
✅ It’s growing in popularity:
While Ethereum is still the second-largest cryptocurrency, it is becoming popular by the day. There are millions of people and renowned institutions who own Ethereum wallets. This coupled with the fact that other financial applications can run on the Ethereum platform, makes it one of the most popular and promising cryptocurrency right now.
✅ It’s the future of digital money:
Ethereum and Bitcoin have been invariably billed as the future of money. With more people becoming increasingly comfortable with digital money, Ethereum presents countless future opportunities for investors who are willing to embrace the arbitrary swings in price and volatility.
✅ The price is surging:
The price of Ethereum is skyrocketing by the day. This means it is the right time to invest.
Risks Associated with Ethereum Investment
Although Ethereum has proved to be a promising investment opportunity, it has several caveats that might make you take a pause. From the infamous DAO hack in 2016 that saw investors lose up to $55 million to hackers, to the fact that the price could drop in a blink of an eye, you might want to reconsider your decision.
Below are some of the concerns surrounding Ethereum investing.
❌ It’s highly volatile:
Like any other cryptocurrency, the price of Ethereum is unsteady. This means that you can buy it now for over $ 1,450 only to sell it weeks later for less than $100. We recommend working with an expert and keeping tabs on the market to avoid substantial losses.
❌ It’s not carefully regulated:
Although the lack of government regulations affords you some freedom, it also means the cryptocurrency market is laden with fraud and malpractices. If you were to be exposed to these irregularities, you could lose a lot of money in the investment.
❌ It’s vulnerable to hacking:
Given that most Ethereum exchanges are online-based, you stand a high risk of losing your investment to hackers. And since most of these exchanges are not insured by agencies such as the FDIC, it is very unlikely that you will be getting your money back.
It’s worth noting that most of the caveats to Ethereum investment are normal investment risks. If you are careful and have a good knowledge of the market, you should be able to avoid most of these risks.
For instance, to avoid hacking, you can store your Ethereum offline and sell it as soon as the price goes up.
Ethereum Price Predictions in 2021
Many experts have come out to predict Ethereum’s future in regards to its price and volume. While you might come across a few sceptics, the general consensus seems to be that Ethereum is poised for a bright future.
So, while Bitcoin continues to enjoy industry attention with the more than 60% market share dominance, many experts predict the price of Ethereum will rise much faster than that of BTC in the course of 2021.
According to data from CoinDesk, Ethereum is currently standing at an all-time high price of $1,918.52. The price has constantly been rising since the year kicked off. At the start of January, Ethereum was trading at around $730 and quickly surpassed the $1000 point within four days. Since then, the price stabilized above the $1000 point and is now surging towards $2000.
This is a clear indication that the price could rise higher than expected and hit new records this year. And if the expert analysis is anything to go by, there is a good chance that Ethereum will be a lucrative investment in the coming days.
James Todaro, a managing partner at Blocktown Capital and a renowned crypto pundit, predicts that Ethereum could eventually hit a $8500 in 202. This, Todaro says, is due to the growing demand for DeFi related options in the coming years.
Simon Dedic of Blockfyre seems to agree with Todaro’s sentiments. According to Dedic, there are only six cryptocurrencies that long-term investors should take seriously; ETH is the second on his list after BTC. He also predicts that ETH will soon hit the $9,000 mark in 2021.
Ethereum vs. Bitcoin: Which Should You Buy?
Both Bitcoin and Ethereum are in a race to mass adoption. While Bitcoin is undeniably more popular, Ethereum boasts of superior technology with a lot of room for growth. For this reason, there is not a definite answer as to which of the two is a better investment.
Financial analysts report that Ethereum is growing faster in volume relative to Bitcoin. This means that investors are now trading Ethereum more in proportion to Bitcoin. This is a good sign for anyone who is looking to buy Ethereum this year.
As long as Ethereum keeps acting as a platform for DeFi projects, there is a high chance of making more profits compared to Bitcoin. It has better technology, is much faster than Bitcoin and doesn’t have a limited supply like Bitcoin.
Conclusion
If Ethereum’s focus on DeFi doesn’t wane, it will be reasonably profitable. Whether to buy or not entirely depends on your own financial goals. If you are still undecided, we recommend working with an expert or doing more research until you are sure this is what you want to do.
Otherwise, looking at the recent numbers, we believe that Ethereum will make for a lucrative investment this year.