Nothing says adulthood like investing — but no matter how exciting, investing can be a bit daunting for newcomers. Yet it’s necessary if you want to grow your fortune and attain long-term financial goals like buying a house or retiring. And in this day in age, when you can do virtually everything online or via an app, investing has never been so easy or accessible. Plus, there’s something for everyone, whether it’s commission-free trading you’re looking for, diversification, automation, or more.
There’s a common misconception that you have to be rich to get started with investing, but that’s simply not true. Even if you’re living on a tight budget, you can break into the market without breaking the bank — or spending hours trying to navigate the lay of the land. Once you start investing, you’ll quickly get a feel for how it works and why all the millionaires and billionaires in the world are investing like crazy.
Get started investing today with these easy-to-use services that are just a few clicks away.
Simplify Your Life with a Robo-Advisor
Vanguard is one of the largest financial service companies in the world, having built a legacy as a trusted provider of mutual funds as well as exchange-traded funds. Its stellar reputation is the main allure of the company’s robo-advisor, Digital Advisor, which gives the average investor access to time-tested methodology and experience in an all-digital platform. With a minimum enrollment amount of $3,000 and a cost of no more than $2 a year for every $1,000 you invest, Digital Advisor provides ongoing, automated investment management at a low cost. With no advisory fees for the first 90 days of your enrollment, there’s no better time to get started.
Access High Returns Through Dividend Payments and Property Appreciation
Owning real estate investment property has traditionally been expensive and a lot of work, making it inaccessible to most of us. Thanks to the emergence of crowdfunding, anyone over 18 with a U.S. bank account can now invest in institutional-quality real estate with as little as $10. That’s right – Fundrise is changing the way people invest by allowing you to diversify outside of traditional markets with income-producing private real estate which is great for diversification and reducing risk.
Fundrise achieved average returns of 22.99% across all client accounts in 2021 through dividends and appreciation1. It’s super easy to get started and takes only a few minutes. Once you sign up, you can quickly connect your bank account and start investing immediately.
Get A Diverse Portfolio. It’s As Easy As Pie.
M1 lets you invest in nearly everything the stock world has to offer — and they make mixing up and diversifying your portfolio a breeze. With over 60 curated portfolios, or Pies, M1 is another great trading account that you could have along with TD Ameritrade. But what’s really attractive about this platform is that you’ll get a bonus of up to $250 if you deposit $5,000 or more.
You can select an Expert Pie, which chooses your investments for and helps you get a nice assortment without lifting a finger — or you can build one yourself based on your individual preferences. You can open an account with a $0 balance but you’ll need to deposit $100 in order to start investing, which isn’t much considering that investing is the ticket to making a fortune.
Like Monopoly? Collect Rent Without Owning Property
You don’t need to be a landlord to collect rent anymore. Arrived gives you VIP access not to the stock market, but to the rental home market — a whole other, booming ballgame. For an initial investment of as little as $100, you can buy shares of legit rental properties. Why wait when you can become a bonafide real estate investor right now?
Plus, you can spread your investment across multiple properties. It’s a lot like Monopoly, only the money is real and you can call the shots. Best of all, you don’t have to worry about any of the hands-on details of owning a place because Arrived handles all the management duties. Most people start with a small investment and then invest more as they see the money come in. Are you ready to roll the dice?
Invest in the Future of Money For Only $5.
It looks like crypto is here to stay, so you may as well pay attention to it. If you’re looking to dip your toe into the world of cryptocurrency, take a look at Gemini. It has been voted the #1 cryptocurrency exchange multiple times and has led the charge in security and compliance in the industry. It’s free to sign up and you can get started investing with as little as $5. Gemini makes it simple to research the crypto market and buy, sell or trade over 45 cryptos including bitcoin, ether and dogecoin. It even has its own currency, the Gemini dollar (GUSD), a 1:1 USD-backed stablecoin issued by Gemini where customers can redeem a GUSD for $1 anytime.
Do you have investing tips or experiences with any of these services? Email us at Money@GOBankingRates.com and share your story. We may even choose to highlight it in a future article.
Adam McFadden contributed to the reporting for this article.
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1 “Total return” consists of the time-weighted, weighted-average aggregate returns of Fundrise Advisors client accounts that have participated in the indicated investment plan objective during the calendar year 2021, calculated using the Modified Dietz method. Total returns are inclusive of dividends and capital gains / losses, are net of fees, and include shares which were acquired via dividend reinvestment.
*Depending on availability. Gemini Earn is a lending program through which you may choose to lend your cryptocurrency to certain institutional borrowers. Gemini, as your custodian and agent, will offer you lending opportunities when and if available. While we expect sufficient borrower capacity for all interested Gemini customers, we cannot guarantee demand for particular cryptocurrencies or at particular rates.