Since the stock market hit its coronavirus pandemic low on March 23, 2020, investors have reveled in a historic bounce back rally. It took less than 17 months for the widely followed S&P 500 to double in value from its bear-market bottom, and proved, once again, how invaluable it is for investors to hold onto great companies for the long run.
Best of all, with most online brokerages eliminating minimum deposit requirements and commissions to buy and sell stock on major exchanges, any amount of money can be used to begin or further your trek toward financial independence.
If you’ve got $400 at the ready, which won’t be needed to pay bills or handle an emergency, this is more than enough to invest in the following trio of no-brainer stocks right now.
For investors who like putting their money to work in time-tested companies, conglomerate Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) is about as no-brainer as they come. I’m specifically referring to the Class B shares (BRK.B) in this discussion, since you’d need over $411,000 just to purchase a single Class A share.