THE BEST INVESTMENTS
Many people don't invest because they believe you need a lot of money to do so. Maybe they also don't understand what investing does to their money over time. Here is how you can start investing today with even $10.
Why you should invest, even with a little bit of money You probably heard of this before, but investing makes your money grow through compounding. Throughout time, your money grows itself. If you have invested in something yielding 7 percent return a year, you will double your money in 10 years. If you invest in something yielding 10 percent return a year, you will double your money. You will grow your net worth, especially if you deposit more money every once in a while ! How to start investing with little money If you have signed up with an online brokerage, they usually have deposit requirements. Sometimes, the average person can't gather the $500 or $10,000 to start, maybe the fees are also high. When you are charged $5 per trade as a fee in a $500 account, you lost 1% of your money. If you had $10,000 and were charged $5 per trade, you would only lose 0.05% of your account value. That is why your favorite tool for investing less than $10,000 should be Robinhood Robinhood allows you to trade and invest without any fees. You can start investing with $10 and they are able to give you free stocks for joining them ! Join here: goo.gl/EDwHwL What you should invest in With a small account, your best bet are ETFs. A great ETF for small accounts would be SPYG, this tracks growth stocks in the S&P 500 and has great return for little investment. SPY tracks the entire S&P 500, but requires a bit more money. Look into different ETFs and see what is the best bet for you. Another option would be stocks, obviously. You can research cheap stocks that will provide a great return, even dividend paying stocks. If you are looking for high risk and high return, consider penny stocks. Penny stocks will require deep research in order to make great money. Conclusion
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