How To Invest Money Like A Pro Without All The Effort!
Nowadays, one of the most popular ways to earn money on the side is through investing.
Investing may sound exhausting for some people, but, for others, it is a gold mine. Some people are quitting their day jobs to be full-time investors while there are others who are spending half of their retirement savings to invest in the stock market.
Instead of spending your extra cash on stocks, you may want to buy a pair of new shoes or cash it on a short trip out of town, right?
But, there’s a secret that many stockbrokers and investors don’t tell us.
Investing does not need to be complicated nor does it require tons of time and energy. In fact, you don’t need to know tons to earn extra money on the side.
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Some people ask: Which stock trading site is best for beginners? The answer to that and many more of your questions about investing are found in below.
If you are thinking of investing, here are some tips on how you can invest like a pro — minus the effort. There are several tools and apps that you can use that will do all the heavy lifting for you.
Believe it or not, you can put your investments on autopilot — and you don’t need to worry about losing your money!
Start Investing For As Low As $5
Did you know that you can start investing for as low as $5? If your balance is under $5,000, you just need to pay $1 monthly fee with Stash.
Stash allows you to set up your investments by pulling a specific amount of money directly from your bank account at regular intervals so you can grow your investments.
It curates investments from investors and professional fund managers. It also lets you choose where you want your money to go to. There is a set of simple portfolios you can select based on your interests, your beliefs, and your goals, thus leaving the complicated process of investing out of it.
Invest Your Digital Change
You can invest your money without thinking about it, or missing it. Acorns will round up your debit and credit card purchases to the nearest dollar and invest the digital change for you!
Once you invest your money with Acorns, you will have a financial profile. Acorns then uses that to build your portfolio which is a combination of government bonds up to aggressive stocks.
Plus, Acorns is only $1 a month for balances up to $1 million.
Put Your Money In Real Estate
You don’t need to invest your money in just stocks and bonds! You can also invest in tangible assets such as real estate. As you may already know — houses, apartments, buildings, and lots grow in value over time.
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There is no need to spend thousands of dollars — you can start investing in real estate for as low as $500. The Fundrise Starter Portfolio invests your money in private real estate all over the country.
You don’t need to spend a lot of time thinking about your investment — the Fundrise Starter Portfolio does all the work for you. The Fundrise Starter Portfolio invests your money in apartment complexes, construction areas, or other properties.
Invest For FREE
You might be asking: How can I invest with little money? You can invest without paying any trading fees. The Robinhood app allows you to buy and sell stocks in the US Exchanges — without paying any commission or account maintenance fees.
Although Robinhood does not offer any advice regarding your portfolio or investment, it is the easiest way to invest because you choose the stocks to invest in yourself.
If you want to know how investing works, this app is a good starting point. You can learn more about investment without paying any fees or leaving home.
Prepare For Your Retirement
The biggest investment you make is your retirement fund.
If you work for a company that offers a 401k plan, make sure to get it.
However, according to studies, most people in the U.S. are ignoring their 401k accounts.
You should start making the adjustments as early as today because your retirement funds will continue to grow.
You can make managing your account easier by using Bloom, an investment advisory firm registered in SEC. It lets you monitor and optimize your account.
It shows whether your investment is allocated properly or if you’re losing money due to hidden investment fees. It also allows you to see how much money you will earn.
Systemize Your Funds
You can make all of your future mutual fund purchases systematic and automatic with SIP or Systematic Investment Plan.
With SIP, you are removing yourself from the risks of market timing and at the same time, take advantage of dollar-cost averaging. This reduces the average share price of your investment by purchasing shares at fixed dollar amounts. It lets you buy more shares when the prices are low and less when the prices are high.
Investing doesn’t need to be complicated. You don’t need to spend a ton of time thinking about where to invest or not to invest. By using your phone or your computer, you can be an investor and start saving for your retirement right away!