Which Stocks Are Low-Cost and Good For Long-Term Investments?
Find out in which industry you should look for low-cost stocks with good potential and long-term returns.
Published April 21, 2021.
If you're looking for cheap shares and potentially long-term investments, go for the tech industry. Below are a couple of ideas.
As they got knocked out of the smartphone race pretty soon, their stock price dipped enormously. After a couple of non-exceptional years, they entered the 5G technology race. They've also appointed a new CEO, who focuses on unexplored technology segments, which means they can take control of a particular segment.
United Microelectronics Corp. (UMC)
They are better known as a Semiconductor Microchips Manufacturer, but they aren't the biggest. They are in second place, just behind Taiwan Semiconductor Manufacturing, which automatically puts UMC stocks on the cheaper spectrum. So, why would you invest? Here's the catch:
TAM has just experienced a chip shortage that's going to last until at least 2023. With the current demand for smartphones, TVs, and consoles, this is the right time for UMC to rise high above TSM.
In the End
Both of these companies are my choices and my ideas of the future market. My advice is, invest only in what you have researched, trust your gut, and don't bail out fast.