How to start investing if you have $100 or less

first_imgThe thought of investing can feel intimidating, particularly if you don’t have a lot of money to work with.But new apps and trading platforms are making it easy to start investing with as little as $5. And they can help you spread your risk across multiple stocks and bonds to achieve the kind of diversification you would have with a much larger portfolio worth thousands of dollars.Instead of pairing you with financial advisers, many of these programs keep costs low by using software and algorithms to help you create portfolios that are in line with your goals and risk tolerance. Some of them don’t offer any investing guidance at all. Remember, you should only invest money that you won’t need to cover bills or other costs within the next year or two. And advisers generally recommend investing outside of your retirement account after you set up an emergency fund.Figuring out exactly which tool might be best for you depends on your goals and how much money you have to invest. You’ll want to invest differently if you’re saving to buy a house than you would if you were building a college fund or generally looking to build wealth. continue reading » 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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