Got $100? Here's How to Start Investing
It's a common misconception that to succeed at investing, you need a lot of money. While having more funds at your disposal will, indeed, help you build a more robust portfolio, at the end of the day, it's possible to get started as an investor with very little cash on hand. In fact, you can kick off your investing career with as little as $100 if that's all you can swing right now. Here are some options to look at if you're low on funds.
ETFs, or exchange-traded funds, let you add a bucket of stocks to your portfolio with a single investment. Like stocks, ETFs trade publicly, so you can track their performance with ease. If you're new to investing and low on money, you might consider the iShares Core S&P Total U.S. Stock Market ETF (NYSEMKT: ITOT). This ETF gives you exposure to the total stock market, which leads to a nice amount of diversity in your portfolio.
Image source: Getty Images.
Source Fool.com
