Due to a lack of investment information, many end up spending such monies, believing that there isn’t a way to invest small amounts.
However, according to Stephanie Genkin, a Financial Planner and Instructor at New York University School of Professional Studies, one can invest even as little as $100 in the stock market.
Investing small amounts of money is best done through low fee financial managers whose investments are diversified.
It is important to consider chargeable fees, nature of investments, and the minimum amount that one can invest.
It might be that end of the year $100 or $500 holiday bonus that leaves you wondering whether to invest, or simply drop it in your holiday expenditure.
And he explains that such a small amount is a good way to try out the market, especially for someone investing for the first time. Even when the value of currency goes down, one’s investment still maintains a stable value.
Buying a few shares of a financial sector index fund, for instance, could let you stick a toe in the water and for $100, you’d own four shares of a fund that invests in top U.S.
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