How should you invest your first $100? In this video, I will be discussing three different ways to invest with as little as $100. It can be challenging to find investments when you do not have a lot of money to invest, bit the options have gotten a lot better thanks to technology and competition! You do not need thousands or tens of thousands of dollars to invest now. You can get started with as little as $100!
📖 7 Ways To Invest $100: https://investingsimple.blog/2018/09/10/how-to-invest-your-first-100-dollars/
1. Invest through a robo advisor 🤖
Get the perks of active money management without the fees! Most financial advisors charge a 1% asset management fee or more. Betterment charges just 0.25% as a fee.
Instead of people, Betterment uses algorithms and technology to save you money!
The best part? No minimum account balance!
BETTERMENT: "Passive investing, they manage everything for you."
2. Invest in some individual stocks 💸
If you want to be a more active investor, picking individual stocks can be a great way to invest!
There are many great free options out there for investing, such as Robinhood and M1 Finance. In my opinion, based on the features offered M1 Finance is a superior platform.
On the fence over M1 Finance and Robinhood?
📖 Read this article: https://investingsimple.blog/2018/08/09/m1-finance-vs-robinhood/
These free trading platforms allow you to invest in thousands of different publicly traded investments!
M1 FINANCE: "Invest in partial shares of stocks like Amazon."
ROBINHOOD: "Invest in individual stocks commission free."
3. Invest in a business 💡
Believe it or not, there are a number of different businesses you can start with as little as $100!
Looking for more business ideas?
💡 Here is our list of 50: https://investingsimple.blog/2018/05/10/50-businesses-you-can-start-no-money/
I recommend taking some kind of action and getting the ball rolling when it comes to investing. Don't hold on to that cash because you will be tempted to spend it!
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE LINK DISCLOSURE: I am affiliated with Betterment and M1 Finance. This relationship does not influence my opinion on this platforms.
Hi Ryan, great video! Thank you so much for sharing this information. I love your channel and began investing in individual stocks on M1 Finance with companies such as Amazon, Nike, and Coca-Cola. I also wanted to invest in an Index Fund and a Roth IRA - where would be the best place to set up these long-term investments? I appreciate your help. Keep up the great work on the channel!
I opened an ameritrade account and I really want to learn how to trade stocks, but I still am not ready. I have watched a few of your videos and I've learned several good tips. I signed up for night classes to get a better understanding of how the market works. Thank you for all the help
Oh TY I forgot about that. So they invest it by lending it to others? It could not be investing because that money should be yours only... Unless they get a percentage on your investing. Can you verify that for me. Thank you.
*There is a lot you could do with that first $100 dollars. However, in our opinion over here at BABY the best thing you could do with that $100 is buy a new suit and apply for a job.*
*Nah, I’m just kidding off course. But the fact that you clicked “see more” on this comment proves that you are a true entrepreneur or even hustler if you want. You don’t want to just take our word as a given and go out and buy that suit. You want to know more.That mindset is way more important than the amount of money you’ve got to start investing. You’ll get there!*
Great stuff as always. You have so good ideas. Yes, you can wash cars with a bucket and a sponge and it's not a big deal to get your hands dirty to earn some cash! :) I really like the setting you're filming in: this office with the mac book, the desk, the map and a globe! Perfect lighting and sound! You're doing an awesome job!
How does M1 finance and Robinhood that are free compare to other investment sites like Fidelity or Scottrade that charge a commission? it sounds like it'd be better to use a free platform so your invest doesn't get slowly eaten away from commission.
These paid platforms have much more sophisticated trading platforms, research reports and order types. You don't need this stuff, but for some it is worth paying the commission. Also paper vs electronic statements too!
I invested my first investment into Stash. A very good platform for beginners. The limited selection Stash offers allows new investors to look into what they are putting their money into. If their like me it will not be long before they move onto M1 or RobinHood.
My Stash Retyrn is holding from 8% to 11%.
Have you had a chance to check Webull... ?
I like this advice! The best option is to just start even if its 10-20 bucks a month. This creates a mindset that you need to grow your investments for the future. If you can save 10-20 bucks a month and stick to it for a year, it develops your ability to save and not be side tracked by shiny objects. After one year of this, increase the savings to 50-100 a month and continue developing. People just have to understand this won't make you rich it just teaches you how to save.
Hey @Ryan Scribner, i want to thank you! Because of you i started to think about my financial inteligence, behavior, knowledge and future. I watched almost all your videos, coz you do a really great content that i really enjoy to watch! I did read a "Rich dad poor dad book" and that completly opened my eyes on how closed my mind was. (Now i got an order of 15 other financial books. Yes, 15 at once to save money on delivery costs) Now i started to learn about finances and thinking about my financial future, not as employee, but as working on my own, investing, businesses.
Big thank you for sowing the seed in me and i guess a lot of other people! All best for you and keep up your good work!
btw. What i think is the best you can do for as little as 100$? Invest in yourself. Buy books for this 100$. "Our brain is our best asset!".
I recommend investing whatever you can handle each month and doing so where you can get fractional shares. Cost averaging, it worked great for me.
My first buys where I invested larger sums at once on the other hand, those did not work out too well.
Invest in your education. (And I’m not talking about university...) Buy books, buy course, watch videos, read Ryan’s referenced blog post! Become an expert in what interests you (individual stocks, Business, real estate...)
Great video! Simple and clear explanations as always. Definitely agree with 2 & 3.
I don't, however, agree with 1 (in most cases). Why? Firstly, you don't develop any skills from it. Secondly, most likely, you won't be making any money from it either. If you only have $100 to invest, my guess is that you also have a very small financial cushion (or non at all). In the instance that you might need that $100 a month or half a year down the road, you would have to sell your assets to cover that expense. As the robo advisor typically invests in stocks that can be volatile, the risk that you might have to take a loss is quite high.
You are better off placing that money in a savings account until you have a proper financial cushion that can cover unexpected expenses. Or to go with 2 or 3, because even though you still might run into unexpected expenses, at least you have developed skills that you can use for the future in the meantime.
Robinhood still not available in Canada, but some good news tho... Wealthsimple is looking to roll out commission-free trading for Canadians. Would be a great way to invest $100 here and not worry about commissions eating away at your returns. Great vid, Ryan.
I love these types of videos.
My favorite option is the second - just open a brokerage account and buy your first stock through robbinhood.
As you get more money buy different stocks. Keep doing this each week/month forever
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