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Paul Austin

04 Nov 2023

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General Investing

What are the best ways to invest small amounts of money?

What is the best way to invest small amounts of money? Say $10 a week.

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Discussion (24)

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Emma

24 Nov 2023

Hi Paul, sounds like you're just getting started in your investing journey! While $10 a week might seem little, it's a good way to test the waters before you get the hang of investing. You might find it helpful to read up about investing here first.

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bregenzchua

20 Nov 2023

For sure, consider Exchange-Traded Funds (ETFs) provide diversification, and some stocks offer Dividend Reinvestment Plans (DRIPs). Additionally, high-yield savings accounts can offer a safe alternative. And always maintain a long-term perspective.

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Eiscue

11 Nov 2023

Etf stocks

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Ymj Eunice

09 Nov 2023

1) first, put it into a high yield savings account such as GXS or Stashaway/Syfe Guaranteed.

2) Once the sun hits a certain investable amount eg $500 or $1000, buy t bills or SSB.

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lin

08 Nov 2023

The problem is fees, the smaller your investment amount, the more is lost to fees. for such small am...

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