How to Start Investing with $100
Investing can seem intimidating, especially if you’re starting with a small amount like $100. Many people think investing is only for the wealthy, but that’s a myth. Today, technology and financial innovations have made it possible for anyone to start investing, even with just a hundred dollars. In this article, we will guide you on how to make your first investment, maximize returns, and build a foundation for long-term financial growth. 1. Understand the Basics of Investing Before putting your money anywhere, it’s crucial to understand the fundamentals of investing. Investing means putting your money to work to generate profits over time. The most common forms include: Stocks: Buying shares of a company, hoping the value increases. Bonds: Lending money to governments or companies in exchange for interest payments. Mutual Funds: Pooling money with other investors to buy a diversified portfolio. ETFs (Exchange-Traded Funds): Similar to mutual funds, but traded like s...