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With as impressive of an investing track record as Warren Buffett has achieved, you'd expect his Berkshire Hathaway portfolio would be loaded with great stocks. And you'd be right.
The good news is that you don't need a huge amount of cash to buy many of those stocks. Here are my picks for the best Buffett stocks to buy with less than $350 right now.
1. Amazon
I selected Amazon (NASDAQ: AMZN) as one of my three highest-conviction growth stocks to buy in 2025. For under $220, you can own part of one of the most innovative companies in the world.
Buffett is a big fan of buying stocks of businesses that he understands. I suspect Amazon will check off that box for many investors. Millions of people shop on its e-commerce platform, watch shows on Prime Video, use the company's Kindle e-book reader, and have its smart devices in their homes.
Amazon still has solid growth prospects with its core e-commerce business. However, the company's cloud unit -- Amazon Web Services (AWS) -- is the main reason to buy the stock, in my view. Even before OpenAI's ChatGPT burst onto the scene, organizations were rapidly shifting their apps and data to the cloud. But with generative AI serving as a huge tailwind, this transition is accelerating. As the top cloud services provider, AWS is a natural beneficiary of this trend.
I also like Amazon's continual focus on finding new ways to grow. The e-commerce and cloud giant has expanded into groceries, healthcare, robotaxis, and more. Amazon founder Jeff Bezos once said, "Your margin is my opportunity." With plenty of lucrative businesses and Amazon's resources, the company should have plenty of growth opportunities ahead.
2. Citigroup
For a while, Buffett seemed to have become disenchanted with bank stocks. However, he hasn't sold any of Berkshire's stake in Citigroup (NYSE: C) since initiating a position in the large financial services company in the first quarter of 2022.
Citigroup is affordable for budget-conscious investors, with its shares trading under $75. Even better, its valuation is also attractive, with a forward price-to-earnings ratio of only 9.9. By comparison, the S&P 500 (SNPINDEX: ^GSPC) financial sector's forward earnings multiple is 16.5.
Income investors should like Citigroup. It pays a dividend with a forward yield of 3%. This dividend appears to be quite safe, with Citigroup's payout ratio of 61%.
But does Citigroup offer anything to growth investors? I think so. The stock has soared close to 40% over the last 12 months. The incoming Trump administration seems likely to push for deregulation in the financial services sector, which could translate to lower costs and higher earnings for Citigroup. As Buffett knows, stock prices usually increase when earnings do over the long run.