Three Relatively Safe Stocks to Invest in for Beginners

Investing in stocks is a great opportunity for women, not just for financial growth but also for achieving long-term financial independence.

Historically, women have been less likely to invest compared to men, often due to a lack of confidence or knowledge about the stock market. However, investing is an empowering way to build wealth, secure retirement, and achieve personal financial goals.

By investing in stocks, you can benefit from interest and dividends, allowing your money to grow significantly and steadily over time.

For those new to investing, starting with relatively safe and diversified options can be a smart approach. Here are three beginner-friendly stocks to consider (and that I invest in):

1. CDZ (iShares S&P/TSX Canadian Dividend Aristocrats Index ETF): This ETF focuses on Canadian companies that have consistently increased their dividends over time. Investing in CDZ offers a reliable income stream and exposure to stable, dividend-paying companies, which can be less volatile and provide steady returns.

2. VFV (Vanguard S&P 500 Index ETF): VFV tracks the S&P 500 index, which includes 500 of the largest companies in the United States. This ETF provides broad exposure to the U.S. stock market, offering growth potential and diversification. The S&P 500 has historically delivered strong returns, making it a solid choice for beginner investors.

3. ENB (Enbridge Inc.): Enbridge is a major North American energy infrastructure company known for its great dividend payouts. Investing in ENB offers exposure to the energy sector and the stability of a company with a strong track record of performance and dividend growth.

Investing in these stocks can help you build a diversified portfolio and lay the foundation for long-term financial success. By taking control of your financial future, you can achieve greater independence and security.

There are a lot of free apps and platforms to get started. I use Wealth Simple and highly recommend!

Don't be afraid to try something new. Start today! It's never too late.