How to Start Investing with Just $100
When it comes to investing, many people assume they need thousands of dollars to get started. The truth is, you can begin your journey toward financial freedom with as little as $100. With the right strategy, that small amount can grow significantly over time. Here's how to start investing with just $100:
Set Clear Goals
Before you invest, define what you want to achieve. Are you saving for retirement, building an emergency fund, or aiming for short-term gains? Clear goals will help you choose the right investment strategy.
Choose a Low-Cost Investment Platform
Many platforms cater to beginner investors with low entry points and minimal fees. Look for apps or brokerages that allow you to start with small amounts, such as:
- Robo-advisors: Automated platforms like Betterment or Wealthfront manage your investments based on your goals.
- Fractional shares: Services like Robinhood or Public let you invest in portions of high-value stocks.
Start with Index Funds or ETFs
Index funds and Exchange-Traded Funds (ETFs) are great for beginners. They offer diversification by spreading your investment across a range of assets. With $100, you can buy shares in funds that track major indices like the S&P 500.
Invest in Yourself
Sometimes, the best investment you can make is in your own knowledge. Use part of your $100 to buy books, take online courses, or attend seminars on personal finance and investing. The insights you gain will pay dividends in the long run.
Starting small doesn’t mean you’ll stay small. The most important step is simply to start. With discipline, patience, and the right tools, your $100 can grow into something much bigger. At WealthBeam, we’re here to help you illuminate your path to financial freedom—one investment at a time.