facebookWho here can only invest like $60- $150 at a time? I read some posts from people buying like 600 shares of something at once...? - Seedly

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Anonymous

07 Nov 2020

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Who here can only invest like $60- $150 at a time? I read some posts from people buying like 600 shares of something at once...?

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You are ahead. Many do not even bother starting.

Those people who throw down 6 figures start from nothing as well. Statistically speaking, 90% of millionaires are self-made.

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$150 to buy shares is possible! If you dont mind fees eating up a bit of your gains (~3%) while you Dollar Cost Average (DCA) into an index fund, buying and holding them with conviction you could do well. Obviously, investing with higher amounts is better for fees and compounding reasons, but a small $150 is also possible!

If you are under 25 Interactive Brokers only charge you $3USD/month which is offset by your fees and comissions (investing 150/month will offset 3 USD). Furthermore, with Interactive Brokers you can also buy Fractional Shares, this means you can even buy 0.001 of an Amazon share if you want to, so you dont have to worry about high share prices and your lack of funds.

Worse comes to worse, there also Roboadvisors like Stashaway and Syfe that will happily grow your small monthly deposits. Don't miss out on gains just because you have low capital!​​​

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I started from $100/month for my RSP and grew slowly from there. Like some have mentioned, with robo...

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