Short-term stocks are ones you plan to hold for three years or shorter before selling or converting to cash. While long-term investments offer a better probability of increasing your returns over the long haul, short-term investments can complement those longer-term strategies. But where can you find great short-term stocks? Just look to your own goal of balancing work, life, and finance for inspiration.
Investing in stocks of companies with a commitment to gender diversity isn’t only a moral stance. It tends to be financially rewarding, too, with many top-performing stocks coming from companies that value gender diversity. So, if you’re looking for great short-term stocks to add to your list, you can’t go wrong by looking for a good dose of woman power alongside strong financials. Here are four top stocks to get you started.
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You can probably list off reasons why investing in Apple stock is a smart investment choice even if you’re super new to the world of investing. The ubiquitous iPhone and plenty of other Apple products have this tech giant set for continued success. Apple’s high rankings in terms of equality might fly under the radar more frequently, though. In fact, Apple scored perfectly in the Human Rights Campaign Foundation’s annual Corporate Equality Index for LGBTQ equality and inclusion in 2019, making Apple one of only a handful of Fortune 500 companies to get that 100% score.
Procter & Gamble (PG)
You wouldn’t be alone if you’re cynical about huge consumer product giants like Procter & Gamble, with their big-name brands and huge marketing budget. But not only does P&G frequently make the lists of the best short-term stocks, it also demonstrates a commitment to women’s issues. Procter & Gamble partnered with Time for the magazine’s release of 100 covers to honor women from the past 100 years.
Progressive offers various kinds of insurance, from auto insurance to home insurance and plenty in between. Its CEO, Tricia Griffith, also made Fortune’s 2019 list of the World’s Greatest Leaders. She made the list of Fortune’s 2018 Businessperson of the Year, too. When it comes to inspirational women, Griffith certainly fits the description. She joined Progressive as an entry-level claims representative before working her way to the top, and has helped grow the company’s revenues since then. PGR consistently ranks as one of the top insurance stocks.
American Water Works (AWK)
American Water Works might not offer the same name recognition as the other stocks on this list, but the company has been around since 1886. It deals with water and wastewater utilities ownership and provides services to industrial, commercial, and residential customers.
These days, the company has more women than men on its board of directors. Women fill key leadership roles like CEO and CFO as well, demonstrating an ongoing commitment to gender diversity. American Water Works also sets itself apart from other players in the utility sector, typically known for steady dividends but not fast-paced growth, which American Water Works has captured as well. This is due in large part to a corporate culture that values frontline workers.
Lastly, always do your homework before you buy anything! Pull the companies quarterly reports from the SEC, review their annual reports, and see what smart money has to say about their stock price Another good idea is to ground truth the companies earnings – ask around or call around and see if anyone is actually buying or using their stuff.
Give your portfolio a powerful boost with these short-term stocks.