3 Stocks I'd Build My Portfolio Around if I Were Starting Over Today
These companies have strong, established businesses with excellent growth prospects.
Overview
I've made my fair share of mistakes over the years when it comes to picking bad stocks. The first stock I bought was Nokia, back in 2007 when it was a leading cellphone maker. It was soaring and looked like a great buy. In hindsight, I picked an amazing time to buy it -- right when it was approaching its peak. Luckily, I sold it quickly when it began to crash, and it has never gotten anywhere close to those levels since.
What I think is crucial with investing is to get off to a strong start, build confidence, generate solid gains, and then consider riskier options. That way, there's less risk, and profits can be used to fund riskier stock purchases. While Nokia may have been a hot buy 20 years ago, it lacked the financial strength and track record of the stocks on this list.
Details
If I were starting over today, the three stocks I'd build my portfolio around are Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), and Enbridge (NYSE: ENB). Here's why this can make for a solid mix of investments.
Source
Originally published at www.fool.com.