In the modern market, investors who cannot afford high-priced shares are no longer required to shell out hundreds of dollars to access the best quality stocks. Instead, they can still gain exposure to popular companies through exchange-traded funds (ETFs) or by purchasing fractional shares of the stocks themselves. But the giants of the S&P 500 did not get to their vast market capitalizations and elevated share prices the second they were publicly listed on exchanges.
Rather, they all started in a similar place, usually staving off insolvency and struggling to see their shares appreciate enough to attract a broader audience in the investment world.
And while an argument can be made for any number of the high-growth Magnificent Seven tech stocks or value-oriented Big Oil mainstays to be the focal point of a portfolio, investors should not overlook the prospect of lower-cost equities one day getting their moment in the sun.
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