We’re moving steadily toward pure electric vehicles, so BHP Group Limited has a great economic future.īHP stock seems resilient, with gains of nearly 11% in 2022. The materials it mines include copper, silver, zinc, molybdenum, uranium and gold among other commodities and precious metals.Ĭopper is a major component in electric vehicles, from wiring, electric motors and batteries to inverters. The last of our cheap long-term stocks, BHP Group Limited (NYSE: BHP) is the world’s largest mining company.

Remember that while it is always a great investment idea to buy low, waiting for good, cheap stocks to move even lower to buy can sometimes lead to missed opportunities.īe patient, be prudent and be confident that you have picked some of the best cheap long-term stocks at rock-bottom prices. The wild fluctuations in the equities will not go away, so it is better to invest for the long-term, pick stocks that have a history of sound financial performance and minimize the anxiety in investing. These stocks have strong fundamentals and, with a return to the risk-on mood, they have the potential to deliver strong returns. Investing for the long term avoids the constant monitoring of stock prices and the stress about the volatility in the capital markets that quicker-moving traders face.

After the selloff in the first five months of 2022, it is now time to find some cheap long-term stocks to buy. stock market performance in 2022 has been a result of geopolitical risks, a tighter monetary policy by the Federal Reserve to address inflation, concerns about global economic growth and, to some extent, valuation worries after a strong performance for all major indices in 2021.

Very cheap stocks to buy now