Investing is an amazing way to make the most of your money, and you don’t have to be wealthy to start investing! Even if you want to stay conservative, you can often earn greater dividends by investing in stocks and bonds than you can by keeping your money in the bank. If you don’t have very much money saved up yet, but you want to start investing, I am here to tell you about two great ways to get you started.
1. Start small with Acorns
If you want to start with baby steps, the very easiest way to get started is by downloading the Acorns app and using it to set aside your spare change. You can choose to have automatic investments or invest manually as much as you’d like. Acorns has five different investment portfolios you can choose from. They are all balanced mutual funds that are managed for you. You can start with as little as $5, and no minimum balance is required. Plus, if you sign up through this link, you will actually get a $5 bonus when you open and fund your account.
2. Invest big with Motif
If you’re ready to jump in and put some of your savings into an investment account, it’s good to try out a few different portfolios and monitor their performance over time. To do this, I recommend using Motif Investing. It only costs $9.95 to buy or trade a “motif.” “A motif is a basket of up to 30 stocks or ETFs intelligently weighted to reflect an investment theme, market insight or innovative trend.” With Motif, you can invest in exactly what matters to you. If you see a future in renewable energy, battling cancer, or wall Street, you can invest in one of those motifs. You can start investing with as little as $300, and if you sign up here, you can get as much as $150 in bonuses.
I hope you have fun investing and get some great returns!
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