Do you want to start investing but don’t have a huge amount of money? The good news is you don’t need to be rich to start investing. In fact you can even start investing with as little as $5.
So why invest? When you invest, you’re putting your money into vehicles that have a potential to generate returns and grow your wealth.
On eToro you can start investing with in shares with just $50. Using eToro you can buy U.S shares like Apple, Netflix, Tesla, etc with zero commissions. eToro also supports fractional shares. This means you can invest any dollar amount over $50. eToro offers real stocks which means you aren’t trading a CFD like on platforms such as plus500. You own the underlying asset.
read more: check my eToro performance using copy trading.
Stake is a very similar to eToro and you can also start investing with just $50. Just like eToro, you can buy a huge range of U.S listed shares. Stake also supports fractional investing. You can invest in a fraction of a share with as little as $10. So if you only have a small amount of money, you can still build a diversified portfolio of stocks and etfs.
Stake doesn’t charge any commissions.
Raiz is a micro-investing app. When you invest with Raiz your money is invested across a diverse portfolio of stocks and bonds. The best thing about Raiz is you can start with investing with as little as $5. You can setup automated investments or choose to use round-ups. Round-ups will round up the purchases you make to the nearest dollar and transfer that small amount into your Raiz investment account.
There are 6 different portfolios you can choose on Raiz depending on your investment goals and life stage. I’ve been investing in Raiz for the past few years. You can see my Raiz performance here.
Spaceship voyager lets you invest in a portfolio of future looking stocks. Spaceship believes these companies will be important in the future. The portfolio includes companies such as Apple and Tesla.
The greatest feature of Spaceship is that it doesn’t charge any fees on balances under $5k. If you’re new to investing, you can build up your portfolio without fees eating into your profits. You can start investing in Spaceship with just $5 and just like Raiz you can setup recurring investments. You can see my Spaceship performance here.
With Commsec pocket you can invest in one of 7 different themed ETFs. Unlike the regular commsec trading platform which charges a fee of $9.95 per trade, on Pocket it’s just $2. If you’re just looking to invest in ASX listed ETFs then Commsec Pocket could be a good deal.
Commsec pocket doesn’t support fractional investing like all the other platforms listed above. This means you need to buy a full share.