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Best Stocks Under $20 to Buy Now

Your debts are under control, your emergency fund is fully funded, and you are maxing out your retirement savings. And, lucky you, you still have $1,000 left over to invest in stocks. There are options.

You could gain instant exposure to shares of hundreds of companies by plowing the money into a low-cost fund that tracks the Standard & Poor’s 500-stock index fund such as the SPDR S&P 500 ETF (symbol SPY). Simple and cheap. Or, you could buy a single share of a high-priced stock like Amazon.com (AMZN) and you might not even have enough left over to cover your $99 Amazon Prime membership fee. But it’s risky putting all of your eggs in one basket. Another approach is to spread the money over several promising low-priced stocks.

SEE ALSO: 25 Great Dividend Stocks Raising Dividends for 25 Years

The one wrinkle to buying shares of multiple stocks is trading commissions. Even at just $4.95 per online trade at Fidelity or Schwab, investing in 10 different stocks means your $1,000 investment is already down 5%. A workaround: Open a free Robinhood account and make no-commission trades on your smartphone using the brokerage’s app. (There's a monthly fee to upgrade to a Robinhood Gold premium account.) Here are nine good stocks under $20 to consider for your portfolio.

Data is as of May 2, 2017, unless otherwise indicated. Click on ticker-symbol links for current share prices and more.

(Stocks are listed in alphabetical order. Dividend yield is calculated based on the last four quarterly dividend payments. Analyst ratings are per Zacks and Thomson Reuters.)

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