It’s a myth that you need a lot of money to start investing it. In fact, you can start investing for your retirement or other funding needs with as little as $1000. The trick is just finding the right place to invest — and make every single dollar start working for you right now. You don’t have to put it off another year, month, or even for one day. If you’ve got $1,000 to start with, here are three smart investment ideas to try.
Saving your pennies for a comfortable retirement’s a lot easier if you can do it without really noticing. That way, you don’t have to skip happy hour or cancel your yearly vacation plans to retire right on schedule. Instead, put some automatic savings techniques to work immediately, and then sit back and watch your savings grow. Check out these five extremely easy (and nearly invisible) ways to save money faster for your emergency fund or retirement.
F. Scott Fitzgerald famously wrote that the rich are “different from you and me.” Perhaps the truest way to see this difference is by looking at where wealthy people choose to invest their money. Of course, individuals at every income level may have a standard portfolio that includes IRA or 401k accounts. But those with either high annual incomes or a robust net worth may purchase riskier — and higher-yield — investments. Only accredited investors gain access to these riskier (and often, more profitable) investment vehicles.
