I am pretty sure almost everyone at the moment knows the importance of investments, there are so many persons today who want to go into investments for the very first time, but they are not sure of what they should invest in. Which would you consider as the best kind of investment for beginners? And investment that does not cost much and it is less risky.
Low cost investment for beginners
- Thread starter eldavis
- Start date
When I was a teenager I invested invested Bagrass. I invested 200 Bagrass trees in a small amount 20, 000 pesos and then after 12 years I sold them at a furniture site. They were sold at 18, 000 per tree. I received a big amount ot money which I saved and invested through buying lots property.
I noted that some banks in my location offer newbie investors to open an investment account. With a very small amount of money, you can buy mutual funds. There are also investment tips which educate investors who are beginners.
Currently there are many types of investment instruments that can be started with less than $ 1 and you can do it regularly, for example every month, just like you save. some examples of investments with small capital but small risk are gold, money market mutual funds etc.
If you want to start a small investment, try micro-investment platforms like Stash, Acorns, etc. These platforms allow you to invest as little as $5. If you do not want to use these apps, you can also try crypto investment platform
I think that almost each and every business costs money, no matter what. The fact of the matter remains that setting up a business may become harder because economy is really bad.
There are lot of low-cost investment that could be involved in for people with low budget and a typical example is cryptocurrency investment.
As a beginner one surely needs to start their investment with low budget as to see if they can maintain that project they are investing in and gain the profits that they have set a target for or fail.
If you set a high budget and fail it would take you back as you have to start up afresh after spending most of your savings on the business you invested in.
If you set a high budget and fail it would take you back as you have to start up afresh after spending most of your savings on the business you invested in.
Personally, I prefer to invest online through cryptocurrency trading. I know that it is very risky. But the advantage is that you can learn the trading skills before you invest. You can also start with a small amount like $20 and grow big with time.
I think that investing in cryptocurrencies is a kind of investment opportunity that may allow you to make some money, even if you invest a low amount o money. You could start investing just $10 and earn $100 if you buy cryptocurrencies at the right time.
Yes it is good for beginners to start what ever investment or business they want do small, so as to reduce the risk of losing a lot and they can learn in the process