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6 Ways to Start Investing with Little to No Money
One of the reasons many don’t take interest in investing is because they believe that it takes a lot of money to begin.
While you should never invest more than what you are comfortable losing, investing can be a lucrative way to double your money.
There are many opportunities that have changed who can invest, making it more affordable for everyone to get started.
Here are 6 ways to start investing with little to no money.
1. Invest your Spare Change
With the Acorns app, they round up all your purchases so you literally invest with your spare change. Acorns will help you create a portfolio and make recommendations based on your financial situation or goals.
Through the app, you can set your own risk tolerance and they will help you create a portfolio based on your tolerance. All of that spare change can grow substantially and this is a great way to start.
2. Free Stock Trading Apps
Before, you had to charge stockbrokers to invest for you, meaning that only wealthy investors were able to own shares. However, there are now many brokers that charge $0 commissions and fees to invest.
Apps such as Robinhood and Public, offer thousands of stocks and ETFs with no…