Do all your friends seem to be discussing their investing portfolios? How can you get started if you don't have a large sum of money to put into the game?
We've found the solution to your problem. It's called Acorns, and it's an app that allows you to get started investing without having to risk a lot of money.
And here's a plus for our loyal readers: when you make your first stock investment, you'll get a free $5 in stocks.
Get $5 from the Acorns Investing App by following these steps.
Acorns is available for free download.
With the Acorns "round-up" option, you may start with a tiny amount of money and build up your savings over time. The result is that if you spend $18.18 on your associated debit or credit card, 82 cents will be deposited into your Acorns account, for example.
The app will then take care of the rest of the investment process for you. That's how great it is. You may now boast about your accomplishments to your pals as well.
The idea is that you won't notice the digital pocket change since it's out of sight, out of mind, as they say. And those automated savings add up far more quickly than you may expect. To give you an example, we looked at how myself was able to save $420 every year without even trying!
In addition to the $5 prize merely for signing up for the service, the app is completely free to use and the service only $1 per month for balances under $1 million.
Your money will grow faster toward your objectives if you begin investing as soon as possible.