If you have $50 in your pocket right now, you can invest your money. You don’t have to have hundreds or thousands to invest. So when you hear someone say that virtually anyone can become an investor, they are not lying.
But are you wondering where to invest $50 dollars? If so, the answer is simple. All you have to do is invest your money into a no-load index fund, which is a type of mutual fund. Many companies have very low minimums, especially if you set up to invest that $50 on a monthly basis.
The good news, though, is that your $50 will get you started on the road to investing success. Of course you can invest more, but not all of us have more to invest and it is hard to save because it is too tempting to withdraw it when times get a little tight.
However, you can set up automatic deductions from your checking account. This is probably a great way to go for the fact that you don’t have to remember to save your money. It simply happens for you.
Just make sure you research which funds have a $50 minimum. Research them a bit and see what you feel would be the best fund to invest in. You might be quite surprised how your money will grow, especially if you make monthly contributions. You could really be saving up for your future.
So if you have never invested or you are looking for a new investment, this is a fantastic place to start. You’ll notice that the rewards are quite satisfying.