5 Things You Can Invest in for $100 or Less

With $100 in cash in your pocket, you can go shopping and pick up a few things for the house, or you can use it to invest in your future. Some might believe that you need much more money to actually earn cash off an investment, but you can actually grow any amount of money if you are driven. Review these five things you can invest in for less than $100 to learn how to get started.

1.  Penny Stocks

Buying shares of profitable companies, like John Deere, can be so expensive that $100 won’t even cover one share. By contrast, penny stocks are shares of lesser-known companies that have generally recently gone public. The main goal of buying a penny stock is to get in on the ground floor and buy a bunch of stocks for cheap before they increase exponentially. With just $100, you can invest in multiple companies, so every pick doesn’t have to be a winner.

2. CFDs

A contract for difference is like investing in the stock market, but with more oomph. When a company that you invest in is valued higher, you make more money with a CFD than you would if you purchased straight stocks. Before you get started with CFDs, you should click here to get all the tools you need to invest with $100 in your pocket.

3. Cryptocurrency

You have probably read articles from cryptocurrency experts telling you that you would be a millionaire if only you had bought Bitcoin several years ago. While you may have missed out on one major opportunity to invest on the cheap, $100 is still a fair amount of money in the cryptocurrency world. Look at other cryptocurrencies like Litecoin so you can make a bit of a profit. From there, you can go on to dominate other types of cryptocurrency.

4.  Money Market Account

If your goal is to make money over time, then you can actually do a lot with a money market account and as little as $100. Imagine making a loan to a friend, only you would not only be paid back the principle but also a small amount of interest. If you take the initial investment amount plus interest and then reinvest it, after ten years, you would more than double your money. Remember, slow and steady wins the race, so this is an excellent way to invest safely.

5. Microlending

As you already are aware, not everyone is capable of walking into a bank and qualifying for a traditional business loan. These entrepreneurs typically turn to microloans. With microlending, you have to do your own homework and decide on which borrowers to invest in, but you also stand to make a lot of cash in interest.

There is no minimum amount of money generally needed to invest, but many people think they need at least $1,000 to see results. This guide proves that you can take $100 from your next wage and get started quickly. Choose one of the methods listed above to start making money and alter your future for the better.

*This is a collaborative post.