Is there a way to Invest, If u don't have a lot of money?

Question

I need to start saving money, more now than I ever had In my life. I need to save money and In a fast way.

Answer 1

First, quit spending it on needless stuff. Let it sit in the bank until you have enough to open an account with a firm, either for a money market or fund, between $1,000 - $3,000. Then continuously invest additional funds as aquired. Don't withdraw, allow it to build and reinvest.

Answer 2

You should really save your money first before you start to invest. To open any kind of investment account you'll need a minimum deposit of $500+ depending on the place you set up with. You can start whats called a "Money Market Account" which earns up to 5%+ interest on your savings and is essentially a managed mutual fund with no management fees. Start a money market account to get your seed money for your first investments.

If you want to skip the initial deposit part, a lot of investment firms like e*trade will let you open a Roth IRA account with monthly deducations of like $5-$50 from your checking/savings account. Try etrade http://www.etrade.com

Answer 3

There is a program that's cheap called "No Down Payment" where you can invest in buildings with no money, and actually recieve cash at closing. A well known man named "Carlton" I think made it and most people bought their first building within 2 weeks and actually made money when they bought it!
Google it, and I'm sure you'll find it. Purchase is neccesary, but it's worth it.

Answer 4

Try http://www.prosper.com
The online marketplace for people-to-people lending

You set your own rate. Earn a fair return and support borrowers you can trust. It's easy.

You can start lending with as low as $50

Answer 5

savings bonds, you can buy them for as low as 25$