3 Stocks Under $10

Dear Investing Family, 

Today’s topic? 3 Stocks Under $10.

Investing is pivotal to growing wealth, and I love investing in stock. However, I know that sometimes, you may not have much money to invest. 

Well, you do not need a lot of money to start investing in the stock market. That is why I recommend stock investing as the first investment to start. Compared to buying a rental property, it is much easier to get started with stocks.

However…

Keep in mind that building a solid stream of income from stock takes a long time, because you need to have a lot of money invested in order to get a lot of income from the stock.This means that you need to have a job to make money. Then you can take that money that you earn actively, and invest it. 

But, just like I did, you can start now, and keep going. It builds up!

So, if you are interested in starting your stock investing, but don’t have much money, there are two ways that you can do it. The first way is to buy fractional shares, which means you buy a fraction of a share of stock rather than waiting to buy an entire share of stock.

 Another Way to Start Buying Stocks

The second way to start investing is to focus on lower cost stock. Lower price stocks may be more attractive to people who are new to investing, because you can own several shares of stock for the same price of one share of a more expensive stock. In other words, you can own a single share faster.  

Today, I am going to share 3 stocks that can be purchased for $10 or less (at the time that I am writing this.) 

I am not a stock expert, but I believe that stocks with P.E. ratios below 15 are considered cheap. So, I have included the P.E. ratios for your convenience. 

Now, let’s dive into looking at…

3 Stocks Under $10 

Stocks Under $10:

Lumen – Ticker symbol: LUMN

LUMN is in the technology services sector. 

Lumen is a technology and communications company. It provides various integrated products and services under the Lumen, Quantum Fiber, and CenturyLink brands. Lumen services business and residential customers in the United States and internationally.

P.E. Ratio is 4.02 

Fidelity rates it as a buy, with a score of 9. 

Robinhood 46.1 Sell 

Zacks rates it a 3, which is a Hold. 

They rate it an A for as a value stock.

Zacks rates it a C as a growth stock.

Their current dividend yield is 12.85%. 

It pays a dividend of $1.00 per year. 

Stocks Under $10

Asbury Automotive Group – Ticker symbol: ABG

ABG is in the Automotive sector.

 ABG, along with its subsidiaries, operates as an automotive retailer in the United States. It offers automotive products and services, including new and used vehicles. It also proves vehicle repair and maintenance services, replacement parts. The company also provides finance and insurance products. 

P.E. Ratio is 4.68 

Fidelity rates it as a buy, with a score of 9.1. 

Robinhood 56% buy

Zacks rate it a 3, which is a Hold. 

They rates it an A for as a value stock.

Zacks rates it an A as a growth stock.

They do not pay a dividend. 

Stocks Under $10

New York Community Bancorp – Ticker symbol: NYCB

NYCB is in the financial sector. 

They provided banking products and services in the Metro New York, New Jersey, Ohio, Florida, and Arizona areas. In addition to brick and mortar branches, they offer  online, mobile, and phone banking services.

P.E. Ratio is 7.07 

Fidelity rates it as a Buy, with a score of 9.4. 

Hood 54% Hold

Zacks rates it a 2, which is a Buy. 

They rate it a B for as a value stock.

Zacks rates it an F as a growth stock.

Their current dividend yield is 7.66%. 

It pays a dividend of $.68 per year.

So, there you have it…3 stocks that sell for under $10 each. 

• Lumen
• Asbury Automotive Group
• New York Community Bankcorp

Are you interested in any of these stocks?

Do you know of any other under $10 stocks that you like? Let me know in the comments. 

Are you ready to buy some stock? Are you interested in a Robinhood Investment Account. They give away free stock when you sign up.

Please note: I am not recommending that you buy these particular stocks. You have to do research and educate yourself regarding stocks. I am just giving you examples and hoping to inspire you to take action and improve your finances. 

If you found this information helpful or inspiring in any way…

If you found this information helpful or inspiring in any way, please share this post with someone else, and follow my blog. This helps me know that I am sharing something that you value, and inspires me to write more. 

Keep working to master your life. Be sure to include your mental, spritual, spiritual, and financial life.

I have faith in you.

Hugs, 

Rich Mom

Do you want to read more of a mom’s letters written to inspire financial independence by age 30? Check out:

20 Stock Words That You Should Know By Age 30

Ten Secrets to Building Wealth

Spilling the Tea on How To Start a Robinhood Account

Stock in Focus: Pioneer Natural Resources

Wondering About Rich Mom? 

If you stumbled upon this post and you are wondering who I am: I am a tea lover and a mother to a young adult. I have majors and degrees in business, economics, and education, and I am passionate about financial literacy and personal finance. I am worried about the future of young adults who are often being burdened by massive student loan debt, but at the same time have never been taught about financial literacy. 

“forever living just paycheck to paycheck“

So many people work, forever living just paycheck to paycheck, never understanding the pattern that would make their lives easier. My goal with my blog is to inspire those ages 30 and under to become more financially literate, become financially independent, and be able to live a healthy (mentally and physically), happy, generous life, in which you can help others do the same. But remember, my blog is intended to inspire, but not as investment advice. 

I am not an investment advisor. Always do your own due diligence and research before investing. Check with your own investment advisor. 

Also remember that past performance is not a guarantee of future performance.

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