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Investing in quality, lower-priced stocks allows you to gain exposure to the equity market at a low cost. Historically, equities as an asset class have delivered inflation-beating returns to shareholders over time, making them attractive to long-term investors.
Here are three no-brainer stocks you can buy under $30 today.
Kinross Gold stock
Gold prices are hovering near all-time highs as central banks are raising their precious metal reserves due to geopolitical tensions and other macro headwinds. Moreover, the possibility of interest rate cuts should send gold prices higher as the two have an inverse relationship.
Keeping these factors in mind, investors can consider increasing their exposure to gold mining stocks such as Kinross Gold (TSX:K).
In the fourth quarter (Q4) of 2023, Kinross reported revenue of US$1.11 billion, up from US$1.07 billion in the year-ago period. The…
