10 Best Places To Buy Stocks For Beginners In January 2023

With stocks, as with any investment, it’s essential to diversify your portfolio to minimize risk. If you stick all your money into one stock, and that stock goes bust, you’re out all your money and have nothing to show for it.

With that in mind, here are the ten best places to buy stocks for beginners in January 2023.

1) JP Morgan Chase & Co.

JPMorgan Chase & Co. seems to be a significant global financial institution with $2.6 trillion in assets and activities around the world.

This company would be an industry leader within investment banking, consumer and commercial financial services, financial transaction processing, asset management, and private equity.

JPMorgan Chase & Co. serves millions of clients and consumers under its four main business segments: Consumer & Community Banking, Corporate & Investment Banking, Commercial Banking, and Asset Management.

In January 2023, JPMorgan Chase will be one of the ten best places to buy stocks for beginners due to its strong position in the industry, vast array of products and services, and history of success.

Pros Explanation

• JPMorgan Chase & Co. would be a significant global financial institution with $2.6 trillion in assets and activities around the world.
• This company would be a largest company in investment banking, consumer and commercial financial services, financial transaction processing, asset management, and private equity.
• JPMorgan Chase & Co. has millions of customers inside the United States and around the world.
• This corporation employs over 240,000 people and operates in over 60 countries. JPMorgan Chase & Co.
• Is a member of the Dow Jones Industrial Average and the S&P 500 index.

2) Cryptocurrencies

Cryptocurrency seem to be digital or virtual tokens which utilise cryptography to safeguard transactions and manage unit creation.

Cryptocurrencies generally decentralised, meaning they also aren’t controlled by governments or financial institutions.

A earliest and most well-known cryptocurrency, Bitcoin, was launched around 2009. It should be the ideal place for beginners to buy stocks in January 2023.

Cryptocurrencies being frequently exchanged on decentralised exchanges and can be used to buy products and services.

Pros Explanation

• Cryptocurrency is a digital or virtual currency that uses cryptography for security.
• A defining feature of a cryptocurrency, and arguably its biggest allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
• Cryptocurrency is decentralized: It exists on a decentralized network of computers worldwide that constantly verifies and updates a public ledger of all transactions, known as the blockchain.
• Bitcoin, the first and most well-known cryptocurrency, was created in 2009.

3) Alibaba (NYSE: BABA)

Alibaba is often considered the Chinese Amazon, but it’s much more. It is the best place to buy stocks for beginners in January 2023.

The company operates in various industries, including e-commerce, cloud computing, and artificial intelligence.

Alibaba is an excellent choice for beginner investors because it is a well-established company with a strong track record of growth.

Plus, with a market cap of over $700 billion, Alibaba is big enough to weather any storms that may come it’s way.

Pros Explanation

• Alibaba is a Chinese e-commerce giant that offers many services, including online and mobile payments, retail, and cloud computing.
• Alibaba went to the media just on New York Stock Exchange in 2014, making this one of the world’s most valuable technology businesses.
• The company has continued to proliferate since going public, with revenues increasing by 56% year over year in 2018.
• Alibaba is an excellent choice for beginner investors because it is a relatively stable company with a strong track record of growth.
• As China’s economy grows, Alibaba will likely continue to grow.

4) Alphabet (NASDAQ: GOOGL)

Alphabet, Google’s parent corporation, is a technological behemoth. It should be the ideal place for beginners to buy stocks in January 2023.

Not only does it have one of the most recognizable brands in the world, but it also has a diversified business model that includes everything from search engine advertising to cloud computing.

And with a market cap of over $1 trillion, it’s not going anywhere anytime soon. If you’re looking for a safe and reliable stock to buy and hold for the long term, Alphabet is a great choice.

It pays an annual dividend of $8.00 per share and trades at around $1179 per share, making its dividend yield around 3%.

While its share price may be higher than what many people would like to pay upfront, as an investor, you can take advantage of Alphabet’s solid performance by purchasing shares through monthly or quarterly installments.

Pros Explanation

• Alphabet is an excellent company for beginner investors because it is a part of the FAANG group of stocks.
• Alphabet has strong fundamentals, including a P/E ratio of 25.48 and a market capitalization of $1.03 trillion.
• The company also has a strong history of dividend growth, with an annualized dividend growth rate of 14%.
• In addition, Alphabet has a low debt-to-equity ratio of 0.21, indicating that the company is financially healthy.
• Analysts expect the stock to rise by 19% over the next 12 months.
• Alphabet is diversified, from search and advertising to cloud computing and self-driving cars.

5) Real Estate

Real estate is a great place to invest your money in the current market. It is the best place to buy stocks for beginners in January 2023.

You can get started by looking online at listing properties for sale in your area.

Once you find a property you’re interested in, you make an appointment to see it in person.

If you’re still interested after seeing the property, talk to the seller about their asking price.

Try negotiating with the seller if you can’t agree on a price.

If you’re still having trouble reaching an agreement, you may want to consult with a real estate lawyer.

Pros Explanation

• Knowing where to look for the best deals is essential when you’re ready to invest in real estate.
• You’ll want to find an area with a high potential for appreciation, reasonable rental rates, and low property taxes.
• Another thing to consider is the availability of financing.
• Suppose you’re relying on a mortgage to purchase your investment property. In that case, you’ll want to ensure lenders are willing to work with you in the area you’re interested in.
• Another factor to keep in mind is the condition of the property itself.

6) Amazon (NASDAQ: AMZN)

Amazon is a great place to start investing in stocks. The company is a behemoth and shows no signs of slowing down.

Plus, Amazon has a history of being generous to shareholders. In 2020, the company announced that it would give $10 billion to its employees in the form of stock grants and bonuses. It is also the best place to buy stocks for beginners in January 2023.

If you’re looking for a safe place to invest your money, Amazon is a great choice.

Another reason to consider investing in Amazon is its growth potential. Analysts expect the company to grow at an impressive rate over the next few years.

If you’re considering investing in Amazon, now is a great time.

Pros Explanation

• Amazon is a leading e-commerce platform with over $1 trillion in market capitalization.
• The company offers many products and services, including cloud computing, digital streaming, and logistics.
• Amazon has a strong brand and loyal customer base. The company’s stock has been up over 50% in the past year. Amazon is an excellent choice for beginner investors.

7) Series I bonds

I bonds are an excellent option for beginner investors. They are simple to purchase and offer a fixed rate of return, making them ideal for those just starting.

Plus, I bonds are backed by the U.S. government, so you know your investment is safe. It is the best place to buy stocks for beginners in January 2023.

The Series I bond has a fixed interest rate over its life which varies according to the inflation index (the Consumer Price Index or CPI).

The monthly interest on an I bond can be used to pay federal income taxes.

And if you hold an I bond until it matures or reaches ten years from the issue date, you will receive both the original principal amount plus all accrued interest on that date.

One thing to note about this type of investment is that you cannot cash out before five years have passed without incurring a penalty fee.

This list should help get your investing started correctly!

Pros Explanation

• Bonds are a great investment for beginners because they are simple and low-risk.
• Bonds are also a great way to save money for long-term goals like retirement.
• I bonds earn interest every six months, and the interest is added to the bond’s principal value.
• I bonds are sold at face value, so you will always get your money back if you hold the bond until it matures.
• I bonds have a fixed rate of return, so you know exactly how much money you will earn on your investment.
• I bonds are exempt from state and local taxes so that you can keep more of your earnings.

8) Apple (NASDAQ: AAPL)

Apple is a technology powerhouse that’s reinvented itself time and time again. Apple is the best place to buy stocks for beginners in January 2023.

When picking the best stocks for beginners, Apple is a safe bet. The company has a strong balance sheet and is constantly innovating.

Plus, its products are in high demand all over the world. Recent introductions like the iPhone X have only made things better.

There are two different ways to invest in Apple. You can buy AAPL stock shares or invest in an ETF (exchange-traded fund) like AAPL.

Both have pros and cons, so it depends on your risk tolerance when deciding which option is right for you.

Pros Explanation

• Apple is a publicly-traded company with a long history of success. Apple is a household name with a strong brand reputation.
• Apple products are known for their quality and innovation. Apple has a large and loyal customer base.
• Apple is a leader in the tech industry. Apple stock is widely considered to be a safe investment.
• Apple pays dividends to shareholders, making it an attractive investment for income-seeking investors.

9) Merrill Edge

Merrill Edge is an excellent place for beginner investors to start buying stocks. It is also the best place to buy stocks for beginners in January 2023.

The company offers many resources and tools to help newcomers, including a comprehensive FAQ section, tutorials, and educational articles.

Merrill Edge has low fees and commissions, which is essential for starting.

They also offer some of the most competitive prices on stock trades, so if you’re looking for an inexpensive way to purchase your favorite companies’ shares, this is the place to go.

Pros Explanation

• Merrill Edge is a brokerage firm that offers affordable stock trading for beginner investors.
• They offer $0 stock, ETF trades, and access to research and education resources.
• Merrill Edge also has excellent customer service, with 24/7 phone and chat support. 
• Another great feature of Merrill Edge is their Cash Management Account, which gives you a debit card, check-writing capabilities, and FDIC insurance on your account balance.
• Merrill Edge is an excellent option for beginner investors looking for an affordable and easy-to-use platform.
• They also have a mobile app that allows you to trade.

10) Netflix (NASDAQ: NFLX)

Netflix is a great place to start for beginner investors. It is the best place to buy stocks for beginners in January 2023.

The company has a strong growth history, and its stock has performed well in recent years.

Plus, Netflix is a household name, so it’s a good bet that it will continue to perform well in the future.

In recent years, Netflix has added plenty of new Series and movies. It has also launched several innovative features, such as a downloadable mobile app that lets users stream shows without an internet connection.

The company’s strategy has paid off. Netflix reported over 137 million streaming subscribers worldwide at the end of 2017.

Also, 90% of those subscribers are members who use Netflix more than once per week.

That loyalty is invaluable when keeping customers around and growing your subscriber base.

This user base is critical: It allows Netflix to collect detailed data about what users watch, informing its decision-making process.

Pros Explanation

• NFLX has been a darling of Wall Street since it debuted on the Nasdaq in 2002. It has continued to dazzle investors with its strong performance.
• The company is the world’s leading streaming entertainment service, with over 130 million members in over 190 countries.
• Netflix has a market cap of over $160 billion and is one of individual investors’ most widely held stocks.
• The company’s shares have split four times since 2013, trading at around $370 each.
• NFLX is an excellent choice for beginning investors because it is a well-established company with a strong track record of growth.

Final thoughts

Review your investment goals. Consider using a broker. Research the company before you invest.

Start with a small investment. Consider dollar-cost averaging. Diversify your portfolio. Monitor your investments regularly