What Are Some Good Small Investments To Get Started With?
October 5, 2021 | June Mckaig
Whether it’s in the stock market, real estate, or art, investing – even small investments – can be a big part of ensuring your financial security now and into the future. But people think investing may not be for them simply because they think they can’t afford it or don’t know how to start. Investing early pays off for your savings.
If you wait to start saving until you are 45 years old, for example, you’ll need to save three times what you would have to if you started to save at 25. Small investments can help you get your feet wet in the world of investing. Here are smart small investments to consider. Get ready to add “investor” to your resume.
Make These Small Investments To Gain Financial Security
Yes, it’s not glamorous, but savings accounts are solid and reliable small investments. Savings accounts with a credit union or bank accumulate more interest than checking accounts. Plus, they’re easy to set up and you can quickly search for a bank that may provide you with the highest interest rate.
Money Market Accounts
Money Market Accounts (or MMAs) are similar to savings accounts, but they often pay even higher interest rates. You’ll usually need to make a slightly higher minimum investment to start, but MMAs are highly liquid. Just be sure to find an MMA that is insured by the Federal Deposit Insurance Corporation (or FDIC).
If the stock market or mutual funds scare or confuse you, let robo-advisors find the best small investments for you. Virtual robo-advisors, such as Betterment or M1 Finance can help you find affordable stocks or other investment opportunities to fit your budget — and you don’t even need to research bonds, companies, yields, ETFs, and all that.
When we say CDs, we don’t mean the kind that plays music. Certificates of deposits (or CDs) are a type of saving accounts that include a fixed interest rate for a set period. It’s reliable and perfect for small investments since you’ll know exactly how much money you’ll have at a future date.
Treasury bills are in the same safe small investments family as CDs. You can buy treasury bills from an online broker. And while they don’t grow wealth, there are barely any risks associated with them. It’s an effective way to jump into your financial future with small investments before you can go big.
Buy A Fraction Of A Stock
These days, there are financial services that let you invest in the biggest names of the stock market without having to buy a full (and expensive) share. Fractional shares mean that with little money you can make small investments that can pay off big time if you invest in the right company.
Real Estate Crowdfunding
Investing in real estate can be a key to your financial future, but it can also be expensive. With real estate crowdfunding, you can make small investments, usually as little as $500, and join a team of other investors to pull your money together and invest in a range of real estate. You end up partially owning properties but still reaping the benefits from your small investments.
How A Payday Loan Can Help
Those looking to make small investments should be in good financial shape. If you’re currently coping with a financial emergency that’s a serious setback, a payday loan can get you back on your feet quickly and easily.
A Florida payday loan is a short-term loan for a small amount of money to help you out between paychecks. At Fast Payday Loans, Inc. in Florida, you may qualify for a payday loan of up to $1,000. We recommend that you use this loan only for emergencies like medical bills, car repair, home repair, or late bills.
What You Need For A Payday Loan
We make it easy to qualify for a payday loan through Fast Payday Loans, Inc. in Florida. You must be at least 18 years old, have a government-issued photo ID, your most recent pay stub, and a blank check from a checking account that is active and in your name.
With just those materials, you may qualify for a payday loan in as little as 30 minutes. Once you are ready, just fill out our online form and head down to the nearest Florida payday loan location to complete the process.
Get Started On Your Small Investments Today
Investing your money is a smart way to have your money make more money. With the right tips and tricks, you can start with small investments in no time. If you make smart choices, you can find yourself with a large financial plan.
If you’d like to begin making small investments, clear yourself from the burden of financial emergencies with the help of a payday loan. Just go online, give us a quick call, or visit us today. We’re here to help! Fill out the online form now to get started.