Investing your money can be a great way to grow your wealth over time. But, not all investment options require a large sum of money to get started. In fact, you can start investing with as little as $100. Here are three unconventional ways to invest your $100:
Micro-investing apps: Micro-investing apps like Acorns or Stash allow you to start investing with as little as $5. These apps automatically invest your spare change into a diverse portfolio of stocks and bonds. With a one-time investment of $100, you can start building your portfolio and watch it grow over time.
Peer-to-peer lending: Peer-to-peer lending platforms like Lending Club or Prosper connect borrowers with individual investors. With as little as $25, you can invest in a variety of loans and earn interest on your investment. This can be a great way to diversify your portfolio and earn a higher return on your investment than traditional savings accounts.
Online marketplaces: Online marketplaces like Etsy or Amazon Handmade allow you to invest in a business or product that you believe in. With $100, you can purchase inventory, create a website, and start selling your products online. With a little bit of creativity and hard work, your small investment can turn into a profitable business.
While these unconventional ways to invest may not be as traditional as stocks or real estate, they can be a great way to diversify your portfolio and potentially earn a higher return on your investment. It's important to do your own research and consider your own risk tolerance before making any investment decisions.
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