Hey, financial fans! It’s great news that most brokerages now let you buy fractional shares of almost any stock they support. But, for those few that don’t, it can be tough to invest in stocks trading above $100 or even $1,000 with just a $20 weekly contribution to your retirement account. Luckily, I have found three multibillion-dollar companies with stock prices trading below this $20 threshold that you can invest in today. These companies are SoFi Technologies (SOFI -0.59%), Coupang (CPNG -1.65%), and Nu Holdings (NU 5.77%). All three are young growth stocks that are either recently profitable or will be reporting positive net income by generally accepted accounting principles (GAAP) in 2023. SoFi Technologies is quietly building a digital-era financial powerhouse through its three distinct yet interwoven business segments of lending, technology platform, and financial services. Since receiving a bank charter designation early in 2022, SoFi has launched full speed into developing its youngest business line, financial services. Now offering checking, savings, investment, and credit card accounts, the company’s banking services unit reported 60% YoY growth in the number of financial products used in Q4 2022. With continued expansion and a reasonable price-to-sales ratio under 4, SoFi is a tremendous buy-and-hold-forever investment with profitability seemingly en route. Coupang is a South Korean e-commerce juggernaut that just recorded a GAAP net income margin of 2% and a free cash flow (FCF) margin of 9% in its most recent quarter. While only seeing a 1% increase in active customers in Q4 2022 compared to the same period a year earlier, its Wow memberships grew by 20% to 11 million members. With ongoing developments in fintech, streaming, logistics, and advertising, Coupang is well-positioned for growth for the long haul. Finally, Nubank, the Brazilian-based fintech backed by Warren Buffett, is a rising star in the banking industry. It just recorded revenue growth of 112% YoY in its most recent quarter, and despite this incredible growth, its percentage of non-performing loans after 90 days continues to be well below market averages. With its expansion plans into Mexico and Colombia just beginning, Nubank is conservatively positioned to face any struggles from its credit card or personal loan underwriting. These three companies are all poised for greatness, and I recommend holding them as a lifelong investment.
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
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