X
                        RISMedia's ACE
Search
Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Filter by Custom Post Type
{ "homeurl": "http://rismedia.com/", "resultstype": "vertical", "resultsposition": "hover", "itemscount": 4, "imagewidth": 70, "imageheight": 70, "resultitemheight": "auto", "showauthor": 0, "showdate": 0, "showdescription": 1, "charcount": 3, "noresultstext": "No results!", "didyoumeantext": "Did you mean:", "defaultImage": "http://rismedia.com/wp-content/plugins/ajax-search-pro/img/default.jpg", "highlight": 0, "highlightwholewords": 1, "openToBlank": 0, "scrollToResults": 0, "resultareaclickable": 1, "autocomplete": { "enabled": 1, "googleOnly": 1, "lang": "en", "mobile": 1 }, "triggerontype": 1, "triggeronclick": 1, "triggeronreturn": 1, "triggerOnFacetChange": 1, "trigger": { "delay": 300, "autocomplete_delay": 310 }, "overridewpdefault": 0, "override_method": "post", "redirectonclick": 0, "redirectClickTo": "results_page", "redirect_on_enter": 0, "redirectEnterTo": "results_page", "redirect_url": "?s={phrase}", "settingsimagepos": "left", "settingsVisible": 0, "hresulthidedesc": "0", "prescontainerheight": "400px", "pshowsubtitle": "0", "pshowdesc": "1", "closeOnDocClick": 1, "iifNoImage": "description", "iiRows": 2, "iiGutter": 5, "iitemsWidth": 200, "iitemsHeight": 200, "iishowOverlay": 1, "iiblurOverlay": 1, "iihideContent": 1, "loaderLocation": "auto", "analytics": 0, "analyticsString": "", "show_more": { "url": "?s={phrase}", "action": "ajax" }, "mobile": { "trigger_on_type": 1, "trigger_on_click": 1, "hide_keyboard": 0 }, "compact": { "enabled": 1, "width": "200px", "closeOnMagnifier": 1, "closeOnDocument": 0, "position": "fixed", "overlay": 0 }, "animations": { "pc": { "settings": { "anim" : "fadedrop", "dur" : 300 }, "results" : { "anim" : "fadedrop", "dur" : 300 }, "items" : "fadeInDown" }, "mob": { "settings": { "anim" : "fadedrop", "dur" : 300 }, "results" : { "anim" : "fadedrop", "dur" : 300 }, "items" : "voidanim" } }, "autop": { "state": "disabled", "phrase": "", "count": 10 } }
Select Page

start_investing(TNS)–Contrary to popular belief, you don’t need to be rich to start investing. Even if you have less than $500 to invest, there are some great investment options that only require a few hundred dollars to get started.

So whether you’re trying to save for retirement, earn additional income or achieve some other type of savings goal, try your hand at investing. Here are four ways you can start investing with less than $500.

Consider Drips or DRPS
A dividend reinvestment plan — sometimes referred to as DRIP or DRP — is a great small investment option that offers investors the opportunity to buy stocks directly from companies without the use of a broker. These programs typically allow you to participate as long as you can afford to buy at least one share.

Some other benefits include:

—Dollar cost averaging. You can invest a specific dollar amount — say $10 or $25 — on a monthly basis. By investing regularly, you’re buying during all points of the market — both when it’s up and when it’s down. This concept of dollar cost averaging is key for long-term investing as it gives you a truer return over time.

—Dividend reinvesting. As the term suggests, dividends paid by the company are reinvested in your holding, which will allow you to buy more stock. Dividends are simply earnings that the company pays out to its shareholders.

—Little-to-no fees. There are DRIPs that don’t charge any fees at all, though some do charge a small fee for ongoing contributions and dividend reinvestment.

Invest in Individual Stocks
If you have less than $500 to invest, buying individual stocks might still be an option for you. Through discount brokerage firms like E-Trade, TD Ameritrade, Scottrade and TradeKing, you can buy individual stocks for a small fee of $5 to $10 per trade.

So if you have $500 to invest, that would leave you $490 to buy stocks that have a share price less than that amount. For instance, if a stock sold for $25 per share, you could buy 19 shares and become a small owner in that company.

Pick Mutual Funds
There are hundreds of mutual funds that will allow you to make an initial small investment of $500 or even less. After a quick search through a mutual fund screener, I was able to find more than 500 different mutual funds that you can invest in with a minimum deposit of $500.

If you’re looking for an even smaller investment, there were 150 mutual funds that required a $100 minimum investment, and more than 90 that had no minimum requirement at all.

Mutual funds are one of the best investment options for somebody who is just getting started. They allow you to be diversified — so instead of owning one stock, you might own a few hundred — and they’re a great approach for long-term investing.

Start a Business
Yes, you can actually start a business with less than $500 to invest. I started my blog for around $500, and that is more than most bloggers pay to get their businesses up and running. With a little bit of work and research, you could easily start a blog for around $150 — including hosting and getting a generic theme — and potentially start making some additional income immediately.

I know a few people who buy pants from Wal-Mart or Goodwill, sew gems and patterns on the back pockets and resell them on eBay and Craigslist. One woman I spoke with made more than $10,000 in one year with an initial investment of just $300.

Even if you don’t have $300 to start investing with, there are other great small business ideas you can creatively come up with: Offer dog walking services, car detailing, day care or lawn maintenance. Each of these will have various initial expenses, but most could easily be started by buying some business cards and creating a few flyers. There are also many websites that are great for earning side income.

A friend of mine recently started a business with no initial investment and is bringing in over $500 each month. His creative idea is helping his family pay down their debt and start other small investing opportunities. So, what was his brilliant plan?

He contacted all of the dollar stores within a 10-mile radius of where he lives and made an agreement to pick up all of their empty boxes each Friday. So now after each pickup, he separates the boxes in bundles of 30 and sells them to people on Craigslist for $20 per bundle.

While starting a small business might not be in your comfort zone, it’s certainly one of the best investment options to consider.

Regardless of how much you have to invest, there are small investment options out there for you. The important thing is that you get started as soon as you can. Use a few of these ideas, and start investing in your future now.

Jason Larkins writes for GOBankingRates.com.

© 2016 GOBankingRates.com, a ConsumerTrack web property.
Distributed by Tribune Content Agency, LLC.


Buying/Selling Consumer Luxury National Spotlights
Home For Sale Real Estate Sign in Front of Beautiful New House.
Existing-Home Sales Stumble in July

Slowed by frustratingly low inventory levels in many parts of the...

Growing Green House Chart Graph. Real Estate Concept 3d Render Illustration
House Prices Inch Higher but Show Signs of Deceleration

U.S. house prices rose 1.2 percent in the second quarter of 2016 according...

Drowning in debt and keeping your financial head above water represented by a piggy bank pink pig sinking in blue water as a symbol of urgent business and money management failure and defeat.
Mortgage Debt Rises, Federal Reserve Shows

According to the Household Debt and Credit Report released by the Federal Reserve...

Agent Broker Coaching Lead Gen Teams
education_tip_concept_NAR_Series.jpg
Education Insider: RPR’s Learning Site Is Blowing Our Mind

A couple weeks ago, Realtors® Property Resource (RPR) announced its brand...

A businessman on a track ready to run
Going the Extra Mile for Buyers and Sellers Alike

With a longstanding reputation in the Beaumont, Texas, marketplace, Andy Hemmings—executive...

A mixed-age group of business people working in the office
Companies Turning to ‘Reverse Mentoring’ to Tap Millennials’ Knowledge

(TNS)—Mentorship is getting turned on its head in today’s multigenerational workplace....

Agent Best Practices Branding Broker Niche
Word Cloud with Lead Generation related tags
Ask the Expert: How Much Should You Spend on Lead Generation?

Today’s “Ask the Expert” column features Arthur Darmanin, Chief Executive Officer...

Cropped shot of corporate businesspeople in the boardroom
The 4 Keys to Reproducible Results

Matthew and Janice are emerging entrepreneurs who recently went into business...

Certificate on the blue table.
Making the Most of the Resort and Second-Home Property Specialist Certification

Ryan Servatius, an associate broker with Shore Sotheby’s Realty in New...

Agent Apps/Gadgets Best Practices Broker Innovation
financial stock price
5 Ways Big Data Is Changing Real Estate

Every facet of the business world has been radically changed by...

Computer keyboard with loupe concept
Maximizing Exposure with Unique, Interactive Domains

When it comes to finding your target audience, proper listing exposure...

Silhouette of business people moving and joining pieces of jigsaw puzzle on a business and stock market  blue background, with charts, diagrams, world maps and data arranged on grid and tables. World maps showing continents and countries with economy data and growth diagrams. Light glowing from the center. Copy space on bottom.
PNC Offers Online Business Insights, Webinars and Tools for Agents

Looking for the latest real estate industry information, education and networking...

Business Insights Content Generation Marketing Trends
Nizhnevartovsk, Russia - June 12, 2013: Man hand holding iPhone 5 with Instagram App. iPhone is product Apple Inc. Instagram is an online photo-sharing and social networking service.
Visual Storytelling: Tips for Mastering the Art of Instagram

Creating and implementing a consistent social media strategy is vital for...

"Paris, France - May 27, 2012: Instagram logo on Apple iPhone display"
Instagram Is Open for Business—Find Out What This Means for Real Estate

Last week, Instagram released some major updates that could create a...

instagram_update_2
Story Time: Move Over Snapchat, Instagram Wants In

Are you using Snapchat in your real estate business? Well, you should...

Buying/Selling For Your Clients Home Improvement How-To Lifestyle
A beautifully staged modern living room within a Victoria, BC condo.
5 Dirt Cheap Home-Staging Ideas

(TNS)—We all want to make our houses look like they are...

happy family jumping together on the beach
5 Reasons to Make Family Travel a Priority

(TNS)—Whether you take advantage of last-minute travel deals or organize a...

Businessman pointing to energy efficiency rating chart and house icon concept for performance, efficiency and environmental conservation
Ask the Expert: What Should Homeowners Know about Energy Efficiency?

Today’s “Ask the Expert” column features Mark Walker, Director with NRG...

manhattan
RISMedia’s CEO Exchange

RISMedia’s 2016 Real Estate CEO Exchange September 13 & 14, 2016...

Capital Building, Washington
RISMedia’s Power Broker Forum at the NAR REALTORS® Legislative Meetings & Trade Expo

RISMedia’s Power Broker Forum at the REALTORS® Legislative Meetings & Trade Expo...

PB-annual
RISMedia’s Power Broker Forum, Reception & Dinner – Annual

RISMedia Power Broker Events 2016 Orlando, Fla. Friday, November 4, 2016...