When investing $50 there are many options to choose from. Investing $50 allows investors to learn about each investment while growing their wealth.
1. Stocks – Investing in stocks for $50 gives you two options. The first option in through a direct investment through the company or its representative. This option is often referred to as a Drip plan which stands for dividend reinvestment plan. You send your payment to the company your investing in. The second option is through a discount stock broker whom charges from $3-$15/trade depending on the brokerage firm.
2, Real Estate – There are two options of investing in real estate. The first option is through REIT’s or real estate investment trusts that can be bought on the stock exchange. The second option is to buy physical land through a few companies that have no down payments and low monthly payments.
3. Mutual Funds – Most mutual funds have a minimum initial investment of $2,500 however many funds will allow you to waive the initial minimum requirement if you agree to make automatic deposits. You simply fill out the application form and send in a voided check and every month they will withdraw $50 from your checking account and invest it in the mutual fund.
4.C.D. – Certificate of Deposits as they are commonly known as usually require a minimum of a few hundred dollars to open. There are a few banks that will allow no minimum C.D.’s that you can invest in online.
5. Credit Card Loans – Most people do not realize that when a credit card account goes into default it is often sold to a secondary lender whom then contacts the creditor. The secondary lenders buy the defaulted credit card accounts for pennies on the dollar and attempt to collect the full loaned amount. Anyone can buy these defaulted loans from various companies.
Investing $50 will give you experience and help create wealth. It is always a good idea to invest with smaller amounts of money when first getting into a new investment. These $50 investments will allow you to gain knowledge and help you achieve a financial foundation.
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