You don’t need to be overflowing with money to start investing for your future and the future of this world. The biggest misconception about investing is that you can only start investing when you have X amount of money. Many people refrain from learning about investing because they believe it is not within their budget/can’t afford investing but in fact, this is all a myth!
I’m not rich enough to invest?!
You don’t need to be the wealthiest person in the world or be a wolf of Wall Street to start investing. Long term investing will grow your wealth. Long term investing is not only less risky especially for those who have just started investing, it will allow you to diversify your portfolio, and once the dividends pile up, you can do whatever you want with them (hopefully reinvest).
So how much money do you need to start investing? Seriously…
Well it all highly depends on what you are investing in. Investing in mutual funds lets you purchase small pieces of many different stocks in a single transaction. Mutual funds allow you to diversify your investment portfolio to avoid the risk of “putting all your eggs into one basket”. With an individual stock, you can buy a single share or a few shares of the company of your choice. Stock prices fluctuate day to day (check out Yahoo Finance, to keep track of stock prices). It also depends on your personal investment goal, whether that is investing for retirement, for example. Regardless of your goal, it’s never too late or too early to invest as long as you start!
I only have $100 dollars to invest per month
At Invested Interests there is no minimum to start investing! While some companies may require a minimum investment to start that is not the story with Invested Interests. So if you only have 100 dollars to invest per month it is better to start investing something rather than nothing. It is not so much about how much you invest but a time game for long term investing.
Can I make world impact by investing (Impact Investing)
Simple answer: Yes, you can! Check out our previous articles about how you can start impact investing and vote your wallet for causes like human rights & diversity, environment and peace. Here at Invested Interests, we have portfolios that support causes through conscious investing you can make a world impact!
Learn how to start impact investing with Invested Interests