The best thrift stocks to invest in all have one thing in common: they are all companies that are directly involved in the thrift industry. Even though there are only a dozen listed thrift companies, there are many more that are not listed on the stock exchange but still operate within this financial niche. Since these smaller companies are not as well-known as some of the larger ones, investors might be hesitant to dive in head first and choose instead to consider investing in other types of companies that are also related to this who runs a savings business. While you might not find a company like FNFV or SVU as an option right now, there are plenty of other solid options out there that won’t hesitate to take some of your hard-earned cash. Here’s a look at three of the best savings stocks to invest in right now.
First American company.
Based in California, this company is one of the best savings stocks to invest in right now due to its strong presence across the country. First American offers a wide variety of financial services and is also involved in real estate. The company’s history dates back to the Great Depression, when it was created to help farmers get loans to continue farming. Today, First American offers mortgages, business loans, life insurance, investment products, and other types of insurance. The company has a network of more than 5,000 employees and locations in 15 states. First American shares are listed on the NYSE. It is one of the best savings stocks to invest in right now, as it is one of the highest rated savings stocks in the country, according to S&P Capital IQ. The company has a long history of paying significant dividends to shareholders and has paid a quarterly dividend since 1951. First American has also been recognized as a “Best Place to Work” and was named to Fortune magazine’s “America’s Best Employers” list. for 16 consecutive years.
Based in New York, it’s one of the best savings stocks to invest in right now, as it’s expected to go from strength to strength over the next few years. SVU offers a variety of financial products, including commercial and residential mortgages, commercial real estate loans, affordable housing financing, commercial and residential lease financing, and commercial and residential title insurance. The company also works as a servicing agent for mortgages held by other entities. SVU has been in business since 1907 and has an extensive network of employees and locations. The company offers its products and services in every state except Alaska and Hawaii, and has more than $35 billion in assets. SVU shares are listed on the New York Stock Exchange. It is one of the best savings stocks to invest in right now, as it is expected to see a huge increase in earnings over the next few years. SVU has made a name for itself as the go-to company when there is a need for large and fast loans. The company is expected to make a whopping $1 billion profit in 2020, an increase of $400 million from the previous year.
Transwestern Investment Inc.
Based in Texas, it is one of the best savings stocks to invest in right now, as it is expected to continue growing at a rapid pace. Transwestern is primarily involved in real estate, offering a wide range of products and services. The Company is involved in commercial real estate, investment management and development services, among others. Transwestern also offers residential property management and leasing services. The company has been in business since 1937 and offers its products and services in every state except Alaska and Hawaii. Transwestern has more than 1,300 employees and locations in 36 states. The company’s shares are listed on the New York Stock Exchange. It is one of the best savings stocks to invest in right now, as it is expected to grow in size and influence over the next few years. Transwestern has been in business since the Great Depression, and while it’s one of the smaller companies on this list, it’s poised to grow in size and influence. The company has a strong focus on commercial real estate, which is expected to continue to grow as more people move to cities.
VST Equity Partners Inc.
Based in California, it’s one of the best savings stocks to invest in right now, as it specializes in commercial real estate loans. VST is one of the nation’s largest commercial real estate lenders. The company offers loans to developers and commercial real estate investors who plan to hold their properties for 10 years or more. VST has been in business for over 30 years with over 1,500 employees and offices in 16 states. The company’s shares are listed on the New York Stock Exchange. It is one of the best savings stocks to invest in right now, as it specializes in commercial real estate loans and is one of the largest companies in the industry. VST is not only one of the largest commercial real estate lenders in the country, but it is also one of the highest rated lenders. The company’s low default rate has made it a favorite among investors and commercial real estate developers.
There are many reasons why you might want to invest in a savings business, but one of the main ones is the constant and steady cash flow they generate. While it’s true that some thrift companies have had their share of financial troubles over the years, it’s not an industry you want to avoid. In fact, it may be what makes all the difference in your wallet.