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Investing can be intimidating, especially when making your first investments. Starting small is a great way to test the waters without breaking the bank. Let’s look at some of the smallest starter investments you can make without investing all your money.
Stocks & ETFs
One of the most common types of investments is stocks and exchange-traded funds (ETFs).
Stocks and ETFs allow you to buy shares in publicly traded companies or other assets such as bonds. These are generally considered low-risk investments, but they come with some risk.
As with any investment, always research and understand how much risk you’re taking before investing. If you’re just getting started, consider starting with a smaller amount so that you can get comfortable with trading stocks or ETFs before committing more money.
With peer-to-peer lending platforms such as Prosper and Lending Club, you can invest in loans made by individuals or businesses without having to lend out your own money.
You can typically get started with just $25-$50 per loan investment, which makes this option great for those who don’t have enough money saved up for larger investments yet still want to invest their money in something profitable with minimal risk.
Mutual funds are another type of investment that allows people to pool their money together and invest in various assets such as stocks, bonds, and other securities.
The benefit of mutual funds is that they are professionally managed by an expert investor who will choose which stocks or bonds to invest in on behalf of all investors involved in the fund.
This makes them ideal for those who don’t have time or expertise to research individual stocks or ETFs themselves. Mutual funds typically have minimum entry requirements, but many will allow smaller investments if you start with just enough money to cover the fees associated with investing in them.
Robo advisors are online services that provide automated investment advice based on your goals and risk tolerance level. They use algorithms to determine which investments would best suit each investor based on their goals and risk level.
Many Robo-advisors have no minimum balance requirement, so this could be a great option for those looking for an easy way to get started with investing without having too much money upfront. However, remember that these services typically charge management fees, so make sure you read up on them before committing any money.
Here’s a List of Some Top-Rated and Easy-To-Use Websites to Get You Started On Any Investment:
1. Robinhood: This popular app allows you to buy and sell stocks with no commissions or fees. It also offers a free stock trading education center, so it’s great for beginner investors who want to learn more about the market.
2. Acorns: is an automated investment platform that rounds up your purchases and invests them into an ETF portfolio of stocks, bonds, and other assets. You can start investing with as little as $5 and build your portfolio over time.
3. Wealthfront: Wealthfront is an automated investment advisor that uses computer algorithms to manage your investments for you based on your goals and risk tolerance level. They have no minimum balance requirement and charge very low management fees.
4. Betterment: Betterment is an online investment platform that helps you build a portfolio tailored to your goals and risk level. They offer personalized advice, automated rebalancing, and tax optimization strategies, and have no minimum balance requirement.
5. Stash: is an app-based investing platform that allows users to invest in ETFs based on their interests and goals. It requires just $5 to start and offers beginner investors educational resources.
6. Vanguard: Vanguard has a wide range of mutual funds and individual stock options from which to choose from, making it great for experienced investors who want more control over their portfolios. There are minimal fees associated with its services and no minimum deposit.
Investing isn’t something that should be taken lightly—it requires careful consideration and long-term planning if done correctly—but it doesn’t have to cost a fortune either!
Consider starting small by researching different types of investments such as stocks and ETFs, mutual funds, or Robo advisors that offer low minimum entry requirements so you can get comfortable without breaking the bank! Anyone can become an informed investor without spending a fortune upfront!