What are Stocks?
Stocks, also known as equities, are a type of security that represents ownership in a company. When you buy a stock, you essentially purchase a small portion of that company's assets and profits.
Types of Stocks:
- Vanguard 500 Index Fund (VFIAX): A widely traded index fund tracking the performance of the S&P 500 Index.
- American Express Company (AXP): A consumer services company with a diverse range of products and services.
- Johnson & Johnson (JNJ): A healthcare company offering a portfolio of pharmaceuticals, medical devices, and consumer products.