What is a simple advice to turn $100 into $100,000 investing in crypto in 2020?
Below are the Tips for investing $100:
ETFs
Less common investments
Stocks
Education: investing in yourself
Investing $100 techniques
1. Investing $100 in ETFs
ETFs are exchange-traded funds, also known as index funds, that allow you to take a broad investment in many shares at once. They are useful ways to invest in the market without needing to pick good stocks: ETFs just follow a selected index (like the entire S&P 500) in a single share.Another ETF, Vanguard’s best-performing ETF over the last 10 years in the US stock market ETF list is MGK, at a cost of $180 now. That’s more than $100, but gives you an idea of what $100 or thereabouts can get you.
2.$100 in less common investments: Peer-to-peer lending, cryptocurrency (tread carefully)
This is a platform that lets you get started with only a small investment like $100 being lent out to someone that needs a loan.Peer-to-peer (P2P) lending is risky: people go broke all the time! That puts your $100 at more risk than keeping it in the bank, without any doubt. But you do get access to higher-yields than bank interest at a cost of around 1% or so. Not all P2P lenders let you get started with $100
3. Investing $100 in stock
Maybe you want to buy a single stock. While ETFs are like stocks, maybe you want to be a stock picker and buy stock in your direct choice Now, you can buy cheaper stocks like, say, Starbucks for $8 a share, but again, if you really want to buy a share that costs more than your budget, there are ways to do so. You can buy expensive shares using fractional shares.
4.Education: investing in yourself
Now we come down to a bigger idea: investing that $100 into yourself. Books and resources that provide you with learning opportunities and help you avoid common mistakes will help.Get yourself a pair of headphones to listen to regular finance and money podcasts to boost your understanding. There are free Resources here are the list Subreddits,Books,Podcasts,Apps
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