You want to start investing so that you can build up money for the future. However, you don’t have a lot of money that you can use to get started. There are actually things that you can do to get started with investing even if you aren’t flush with cash. Read on to learn how to start investing with very little money.
ETFs
Exchange Trade Funds (ETFs) are popular types of investments that are quite similar to mutual funds. You don’t need to invest a large sum of money to get started with ETF investment. It’s also a great way to add some diversity to your investment portfolio. This will give you a chance to invest money in many things without having to spend a lot of money to get things going.
Penny Stocks
Penny stocks can be great for those who wish to get acquainted with the stock market. You might not have enough cash to buy up some of the most sought-after stocks right now, but that isn’t always the best route to go anyway. Spending just a small amount of cash could help you to get stocks that could wind up growing in value quite a bit. This is well worth getting into for anyone who wants to invest money without spending a lot of cash.
Partner with Someone
If you wish to get involved in real estate investment, then you could choose to partner with someone instead of putting up the funds yourself. Some people have skills that make flipping houses easier, and you might be able to leverage your skills to partner with someone who has the necessary cash. Of course, you’d need to work out an agreement with the partner, and you might not get as big of a cut of the profits due to not having money to invest. Even so, this is a good option for someone who wants to start investing in real estate if they’re able to find someone who is willing to partner with them.
Retirement Funds
Retirement funds are another way to invest in your future, and they also have the benefit of being as low-risk as you can get. Often, you’ll find that employers will offer 401(k) accounts as benefits to employees. Some employers will match contributions to 401(k) funds up to a certain amount each year. You could put a bit of extra cash in your retirement account each year so that you can have more money when you get to retirement age.