You may think that to invest, you have to have a load of money to start with. Happily, this isn’t the case at all.
In fact, you can invest with as much as little as you like, with a good starting position being at around $1,000. In fact, if you happen to have such a sum in your savings or from a windfall, then why not read on to find out what the best places are for investing it?
The stock market is the domain of bears and bulls, right? Of those that have enough money not to care if things go south, or those that are in the tenuous position of betting others peoples’ cash against the market. Well, certainly you will find these types of people investing in the stock market, but there is also room for the little guy as well.
Especially, now that there are online trading apps that offer low and sometimes zero per cent commission on trades. That means you can control where you invest and how much for from your phone, and not be charged for the pleasure of doing so. Something that makes it totally possible to invest $1,000 dollars or even less.
Although, it is wise to remember that if you are going to do this, it is recommended that you use a practice account first to get used to how the market trades.
By doing this, you will give yourself a better chance of success and time to learn about the varying styles of investing such as day trading and swing trading, as well as what the different categories of stocks are. Including Equities, Forex, and Cryptocurrencies.
Real estate crowdfunding
Think you need loads of cash to get involved in real estate investment? Well, think again, because real estate crowdfunding is changing all that.
In fact, with real estate crowdfunding services like Fundrise Reviews you can invest with as little as £500 in commercial real estate. Something that means you could be looking at a return of over 10 per cent, not bad for such a small investment.
Using a crowdfunding option also means that your investment gets diversified across many different properties, making it a much more stable and likely to provide a good return. Something that means this option is well worth considering for those with $1,000 to invest.
Peer to peer lending
Peer to peer lending is another fantastic option for investors that have a smaller pool of capital to work from. The main reasons being that you not only get to help someone that needs the money for a reasonable rate, but you can receive over double the interest rate that a traditional bank savings account would give you.
Of course, you will need to shop around to see who is offering the best rates at the moment and popular choices include Upstart and SoFi. Remember too, to look at how long this interest rate is guaranteed for as if you plan to have your money in for a longer period you will want to check that it will always be at a decent return.