MENU MENU

Get News 360 | Best Place for Latest Brand News & Analysis

SEARCH
  • HOME
  • Legal
  • Education
  • Technology
    • Digital Marketing
  • Health
  • Business
  • Automotive
  • Fashion
    • Beauty
  • Real Estate
  • Write for us
    • Write for US Finance
    • Education Write For Us
    • Tech Write For Us
    • Write for us Health
    • Write for us Legal
HomeFinance

Best Ways to Invest $500

Admin March 19, 2020 1:21 pm 442

INTRO Best Ways to Invest You don’t need millions of dollars in the bank to start investing! Believe it or not, you could start invest

INTRO Best Ways to Invest

You don’t need millions of dollars in the bank to start investing!

Believe it or not, you could start investing in the stock market now with less than $500!

Regularly investing small chunks is one of the best ways of gradually building wealth, therefore there’s no excuse even if you think that you’re broke!

If you want to take investment seriously, useful financial sites provide useful advice on the world of investment, including the basics for beginners and reviews of some of the best online brokers and IRA accounts.

Here are some smart ways to get started.

High-Interest Savings Account

If you’re not ready to start investing, opening a high-interest savings account is a low-risk way of earning interest on your money.

You won’t generate the same returns that you would if you were investing in the stock market, however, your savings account could serve as an emergency fund!

Micro Investing

You can start with as little as $5 with micro-investing, making it a great option for somebody who doesn’t have a lot of disposable income like college students.

There are plenty of micro-investment apps that you can choose to get started. They’re easy to use and they’re designed to cater to brand new investors.

Here are some of the best apps that you can look into;

Betterment

This is a great app for anybody who wants to have some control over their investment portfolio.

Betterment does the investment on your behalf, but it also gives you the option to work with a financial advisor and have more of a say when it comes to your investments.

There’s no minimum balance requirement to sign up for the basic plan, but, Betterment charges a 0.25% monthly fee on your deposits.

Acorns

This is an easy and low-cost best way to start investing.

There’s no minimum balance required, and Acorns only charges $1 per month.

When you sign up, Acorn connects your credit or debit to your account and every time you make a purchase up to the nearest dollar.

Once you’ve accumulated $5, Acorn starts investing the money for you.

Robinhood

There’s no minimum balance to open an account with Robinhood and they don’t charge trading fees.

The app is fairly intuitive to use, allowing you to trade mutual funds, full stocks, and cryptocurrencies.

Stash

Stash is great for all different types of investors and when you sign up, you’ll take a brief survey that determines your level of risk tolerance when it comes to investing. 

After the survey, you can choose how much you want to invest and how often. 

Additionally, Stash allows you to choose the companies that you want to invest in. For example, if you’re passionate about eco-friendly companies, you could include this in your profile. 

Open a Roth IRA

This is a retirement savings plan that contributes your after-tax money to your account.

Therefore, when you eventually reach retirement age, you can withdraw your money tax-free.

However, it’s important that you only open a Roth IRA if you’re prepared to leave money in there because if you withdraw money more than six months before your sixtieth birthday, you’ll pay high-interest penalties. 

Robo-Advisors

A Robo-advisor is a simple online investment platform that asks you a series of questions upon registration to tailor your investment portfolio depending on how conservative or risky you are.

Working with a Robo-advisor offers fewer services and capabilities that you’d receive if you were working with a financial advisor because you don’t receive personalized advice based on your goals.

However, the fees are low and you can start instantly.

Robo-advisors offer a number of investment options such as;

  • Taxable accounts
  • Solo 401(k)s
  • Roth IRAs
  • Traditional IRAs

CONCLUSION

Hopefully, you now feel reassured that investing doesn’t need to be expensive or confusing.

You can get started right away with the apps that are included in this post, or alternatively, you could concentrate on paying your credit card debt, saving an emergency fund or boosting your income.

Good luck!
By George Smart.

I hope this blog helpful for you, Stay Connect with Get News 360 & if I skip anything in this article or want to write for us ? Then I accept all Finance Blogs. Check out here write for us guidelines for Finance.

Finance 139 Best Ways to Invest 1 High-Interest Savings Account 1 some smart ways to get started 1

AUTHOR: Admin

Admin 's Author avatar

RECOMMENDED FOR YOU

Loading...
Newer Post
Look Flawlessly Beautiful with Unconventional Jewelry Trends
Older Post
Ways To Keep Your New House Clean

TRENDING

1.

Aircon Maintenance Preserves Money and Vexation

2.

Latest Air Conditioner Maintenance and Preservation Approach

3.

Best 1337x Proxy and all about 13377x Proxy Sites

4.

UWatchfree Website 2020: Free Movies Online – Is it legal and safe?

5.

Alternatives To Openload To Watch Your Favorite Movies

Categories

Recent Post

10 Reasons Why Your Energy Bill Is So Expensive

10 Reasons Why Your Energy Bill Is So Expensive

7 Benefits of Installing A GPS Tracking Device on Your Vehicle

7 Benefits of Installing A GPS Tracking Device on Your Vehicle

Does My Back Need Chiropractic Care?

Discover the new way of construction: Sustainable energy efficient buildings

Discover the new way of construction: Sustainable energy efficient buildings

RECENT

10 Reasons Why Your Energy Bill Is So Expensive

7 Benefits of Installing A GPS Tracking Device on Your Vehicle

Does My Back Need Chiropractic Care?

Discover the new way of construction: Sustainable energy efficient buildings

6 Top Fertility Treatments Used by Couples Who Need Help Conceiving

REPLIES

Not found any comments

RANDOM

Everything You Need to Know About Bad Credit

How Can the Effectiveness of Evaporative Cooling be Increased?

How to repair a leaky Sunroom

PNR Is A Must For Ordering Food On Railway Apps?

Outdoor Space Furniture Design UK

POPULAR

Aircon Maintenance Preserves Money and Vexation
Business

Aircon Maintenance Preserves Money and Vexation

One of the many luxuries that are easy to get forgiven in the modern, created earth is air conditioning. It is easy to overlook that in the not so d [...]
Read More
Latest Air Conditioner Maintenance and Preservation Approach
Business

Latest Air Conditioner Maintenance and Preservation Approach

You need to recognize that in the same way, an automobile requires a rinse, and maintenance routine is comparable to the air-conditioner. An air cond [...]
Read More
Best 1337x Proxy and all about 13377x Proxy Sites
General

Best 1337x Proxy and all about 13377x Proxy Sites

1337x proxy: In 2007 Torrent founded 13377x Proxy Sites, the most popular website used for downloading movies, web series, TV series, and documentar [...]
Read More

Get News 360 About

Site Logo
Get News 360 is a Best Internet News Site & Top Conservative News portal covering most happening news across the world Headlines- World, Tech, Education Sports, Politics, Business, Auto and More.

PAGES

  • About
  • Write Concerning US
  • Contact US

Social Channel

Designed by Get News 360