How To Invest Your First $100 💸 [3 WAYS] Investing As A Beginner With Little Money! #Best Education Page #Online Earning

 So in this video here we're going to be talking about

how to invest your first $100.

Now if you guys are not familiar with who I am,

I'd be surprised if you are

because this is a very, very basic

and beginner video to investing,

I have a whole Youtube channel dedicated to investing,

personal finance, and the stock market.

So if you guys a
re interested in those topics,

don't forget to hit subscribe.

But in this video today, we're gonna be talking about

how to start investing with your first $100.

Now, as I'm sure you guys can guess,

that is what I believe to be the point

where you can begin to start investing.

There are options where you could invest less than a $100,

but I think it's worthwhile to save up $100

before you begin investing in anything out there.

Now, believe it or not, this is actually a lot better

than it used to be, because traditionally,

you'd have to invest probably $1,000 or more

to get started with any kind of investment

that's going to be worthwhile.

And this is still a very common misconception out there

that you need thousands, if not tens of thousands

of dollars to have any kind of investment.

Now this is true for some of these old school investments

like a financial advisor or investing

in an online discount brokerage account

where they have minimum account balances

or investing in a mutual fund.

There are are going to be limitations

and you might need to have, you know,

net worth requirements to work with a financial advisor

or a minimum account balance to open up a brokerage account

or to invest through a mutual fund

but there are some new high tech options out there

that allow people to invest

with much smaller amounts of money

and that's really what we're going to focus on

with this video because we're going

to be investing just $100.

And what's really exciting, to me,

is that while this might seem insignificant to you,

it might seem insignificant to invest $100,

you're making the decision to begin investing

and this is what's gonna start to get the ball rolling.

You're gonna invest your $100.

You're going to learn more about this.

You're gonna get excited about investing

and then you're going to continue to do this

and build up a portfolio for yourself

and have stock market investments.

And you know, be part of the group of people

that are saving for the future and investing

and really, you know, preparing yourself for what's ahead.

So we're going to go over three ways

that you can invest your first $100

starting with number one,

which is to invest with a robo advisor.

So traditionally, if you wanted somebody

to give you guidance on what you should be doing

with your money, you would go talk to a financial advisor.

But I'll tell you this right now,

if you contact a financial advisor

or you go into their office

and you say, "I have $100 to invest,"

they're gonna walk you right out the door.

There may be some that will take you on as a client

but you have to understand that

that's because they think, maybe down the road,

you're gonna have some more money to invest with them.

Let's say a financial advisor makes about 1%

of what you deposit with them.

If you work with a in-person financial advisor

and you invest $100, they're gonna make $1 per year,

pretty much on the balance of your account.

They're gonna make about a dollar.

$1 to work with you, to do all the paperwork,

to manage your money.

So it's just not worth it for a financial advisor

to take on an account with $100.

However, robo advisors

have really disrupted the financial advisor industry

because of the fact that they've automated

this entire process and they use algorithms

to figure out what you should be investing in based

on your age, based on your goals,

based on your risk tolerance.

So with a robo advisor, you'll go on the site.

You take a survey.

You tell them what you're saving for,

how old you are, how much you're making,

all of these different factors

and they will actually build a plan for you

based on these factors, but it's all being handled

by the algorithm, meaning it is extremely inexpensive

and they can take on much smaller accounts.

So the leading robo advisor out there is Betterment

and Betterment charges a 0.25% annual fee,

which is going to be much lower

than what you would pay for an in-person financial advisor.

Usually, with an in-person financial advisor,

it's about a 1% fee.

Betterment, being a 0.25%.

And that is what you are paying them

in exchange for managing your money

and basically facilitating this whole process

of rebalancing your portfolio,

which is something you don't really have to worry about now.

But, you know, you should learn more about

that down the road once you invest more money

and you get more into the realm of investing.

But Betterment is the leading robo advisor out there.

You can invest with them with $100

or even less if you want to get started.

And the reason they can take you on

is because of the fact they have a very lean business model.

It's all technology and algorithm based

and, as a result, they can work with very small accounts

and you'll be able to get guidance on what it is

that you are doing with your money.

So if you're not quite sure what you should be investing in

and you want a tailored plan for you,

your best bet is to go through a robo advisor

like Betterment.

And if you guys are interested in signing up

with Betterment, there is a link

in the description below.

It is an affiliate link.

You do not have to use it, but if you do,

it helps to support my channel

and allows me to make more videos like this.

Okay, the second way that you can invest $100

is to be more active with your investments

and pick your own individual stocks

or individual investments.

Now, like we said, traditionally, if you wanted to do this,

you would have to open up an account

with an online discount broker and the first one

that I opened an account with was Scottrade.

It was a $500 minimum account balance

and I was paying $7 per trade.

So just to get started, you'd have to have

at least $500 and that commission cost,

with the trading, would really eat into your profits.

So on a $100 investment, my buy order

would cost me seven, my sell order would cost me $7.

So I was in the hole $14 on that $100 investment

and that was not a good position to be in

because the commission costs were eating up

any return I would possibly see on that stock.

Well luckily, the options are a lot better now.

There are many free options out there

when it comes to investing in the stock market.

One of the most popular options being Robinhood

where they have a zero dollar minimum account balance

and zero dollars in commission costs.

So with Robinhood and other free trading apps out there,

you can invest in thousands of different stocks.

Typically it's stocks on the New York Stock Exchange

and the NASDAQ and there are thousands

of different companies that you can choose from,

but there is one problem that we run into here

when you're looking at Robinhood

and that is the fact that you

can only buy whole shares of the stock.

So if you guys are not familiar,

there are stocks out there like Amazon

and Google that trade at a very high share price.

If you want to invest in Amazon's stock,

you're gonna have to have at least $2000

to buy one share of that stock through Robinhood

and if you don't have that much money,

you can't Amazon stock through these apps.

The good news is, there is a platform out there

called M1 Finance that is relatively new

that allows you to buy fractional shares.

You can buy as little as 1/10,000th of a share of a stock

and that means that you can buy Amazon Stock,

or you can buy Google stock

without investing over $1,000.

So M1 Finance is just like Robinhood.

They are completely free.

They have a $100 minimum account balance

but they do not charge any kind of commission

or annual fee to use the platform.

And if you wanted to,

you can go on M1 Finance,

you can take your $100 and put 50% of your money

in Google stock and 50% in Amazon

by purchasing fractional shares.

And in my opinion, this makes M1 Finance a superior platform

to Robinhood because of the fact

that you can buy fractional shares,

be more diversified and be able to get exposure

to some of these stocks that trade

at a very high share price.

So that is why I prefer M1 Finance

as a platform for beginners.

I have a link for M1 Finance down in the description below.

It is an affiliate link.

If you guys want to use that,

that is completely up to you.

But if you are looking to buy individual stocks,

you're going to be happy with Robinhood or M1 Finance.

They are great platforms

and it really has lowered the barriers

to entry to get started with the stock market.

And it is a great way to get started,

is to go out there and pick some stocks

and if you guys wanna learn more about

what stocks to pick, how to analyze investments,

that's what my channel's all about.

So make sure you guys check out

some more videos on that topic.

Okay, so third and finally,

the third way that you can invest $100

is to invest in a business.

Now, I know you guys are probably gonna be laughing

at me right now, saying what business

could I possibly invest in with $100?

But if you're a young person

and you're not afraid to get your hands dirty,

there are a number of different businesses

you can start with as little as $100.

First of all, the easiest business you can start

is a car washing business.

You need a bucket, you need some soap and a sponge.

It's gonna be a lot less than $100

and then you can be washing cars

and detailing cars for people.

If you don't like the idea of washing cars,

well maybe you could start a junk removal business.

Wait a second, I don't have a truck.

What you could do is lineup a couple of customers

in one day, rent a truck for the day,

and then you can pay $100 for that truck rental,

haul away junk for people

and maybe you're gonna make $200-$300 for the day.

And then maybe down the road,

you reinvest that money into a truck of your own

to continue your junk removal business.

Third and finally, let's say you want to start a blog.

You want to be a blogger.

Well, you could pay for at least six months

of website hosting with $100.

There are so many different businesses you can start.

Some of them are completely free

and there are a lot of them that are $100 or less.

Now if you guys are looking for more business ideas,

jump over to my blog, investingsimple.blog

where I have 50 businesses that you can start

with little or no money.

It's gonna have a lot more ideas like I mentioned there.

If you're looking to start a business with $100 or less.

But anyways, guys, that's gonna wrap up this video here.

These are my three favorite ways

to invest your first $100.

The last thing I wanna say guys,

is I just recommend you take some kind of action here.

You want to start investing.

You want to get started earlier.

You want to get this ball rolling.

So don't allow this to be something you put off

for a couple of weeks or a couple of months.

Get started now and get the ball rolling,

regardless of what idea you follow

or if you're gonna do something else with that money.

Don't leave it in your account or hold onto that cash.

You're going to be tempted to spend it.

Make sure you invest that money in your future.

But anyways guys, thank you so much

for watching this video.

I hope you enjoyed it.

And if you guys are new, make sure you subscribe

and hit that bell for notifications.

And I will see you in the next video.

- [Ryan Voiceover] If you are interested

in learning more about investing in the stock market,

I've created a free course just for you.

The link is in the description below.

Here are a few other videos you might enjoy as well.

#Best Education Page #Online Earning

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