The process of building wealth requires patience and time. And it also demands that you invest your money wisely.
Hoarding your income will never make you rich. You don’t have to save up thousands of dollars before making investments.
An investment can be done with as little as $100.
Here are three ways to easily invest $100.
Invest in Mutual Fund or Exchange-traded Fund
Investing in Mutual Fund is a great way to multiply $100. This investment method is suitable for novices and beginners.
A mutual fund enables you to buy a collection of stocks and bonds in a single transaction.
Most Mutual Fund providers set a minimum investment amount at $500. However, you can consent to an automatic monthly deposit of $50 to $100. Firms like Transamerica and T. Rowe adopt this practice
Some Mutual Fund firms waive their account minimum, so it’s best to conduct research on Mutual Fund firms before investing.
Open an IRA
Investing $100 every month for 30 years in IRA will be worth $36,000. But with the performance of S&P, the $36,000 will be worth $180,000.
Retirement payouts are completely tax-free.
Invest in Dividend Stocks
Investing $100 in a dividend stock will earn you money on a monthly basis. It’s best to invest in firms with the potential to make profits.
A dividend stock investment is a great if you want a long-term investment. Equities is a profitable dividend to invest in.
Investing in dividends won’t turn your $100 to $1000 in a day. But it’ll provide you with long-term profits.
How to Invest 100 Dollars
Here’s how to Invest 100 dollars in profitable ventures
- Create a portfolio on “Start a Rainy Day Fund”
- Save for your children’s education
- Create a brokerage account
- Trade fractional shares
- Invest in EFTs and bonds
- Earn interest in a high-paying savings account.
- Invest in cryptocurrency
- Purchase real estate with REITs
- Save for medical costs with HSA
Frequently Asked Questions
Can I invest as little as $100?
Yes! You can invest as little as $100 in Mutual Funds, IRAs, and stocks. You don’t need thousands of dollars to make an investment.
How can I invest and make money daily?
You can make money daily by opening a high-paying savings bank account for interest. Investing in Bitcoin, ETFs, and mutual funds can earn you a reasonable amount.
You can grow your money fast by opening a high-yield debit card, investing in peer-to-peer borrowing with little interest, starting a small business, investing in crowdsourcing real estate, buying Bitcoin, and more.
There are numerous investment options for $100. But before you choose an option, it’s important to weigh all other options.
One hundred dollars may seem like a money too small for investment, but it isn’t. When you plan to be wealthy, you have to start from somewhere.