What are some simple tips to turn $100 into $100,000 when investing in crypto in 2020?
Here are some tips for investing $100:
ETF Fund
Less popular investments
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Education: Invest in yourself
$100 Investment Technique
1. Invest $100 in an ETF
ETFs are exchange-traded funds, also known as index funds, that allow you to make a broad investment in many stocks at once. They’re a useful way to invest in the market without having to pick good stocks: ETFs simply track a selected index (like the entire S&P 500) in one stock. Another ETF, Vanguard’s best-performing ETF over the past 10 years in the U.S. stock market ETFs list, is MGK, with a current price of $180. That’s more than $100, but it gives you an idea of what $100 or so can get you.
2. $100 in less popular investments: Peer-to-peer lending, crypto (be careful)
This is a platform that allows you to start with as little as $100 to lend to someone who needs money. Peer-to-peer (P2P) lending is risky: people go bankrupt! That puts your $100 at more risk than leaving it in the bank, no doubt about it. But you can get higher yields than bank rates for around 1% or so. Not all P2P lenders let you start with $100
3. Invest $100 in stocks
Maybe you want to buy a single stock. While ETFs are like stocks, maybe you want to pick and choose your own stocks. Now, you can buy cheaper stocks like, say, Starbucks for $8 a share, but again, if you really want to buy a stock that’s more expensive than your budget, there are ways to do it. You can buy expensive stocks using stock splits.
4. Education: invest in yourself
Now we come to the bigger idea: invest that $100 in yourself. Books and resources that provide you with learning opportunities and help you avoid common mistakes will help. Get yourself a pair of headphones and listen to podcasts about finance and money regularly to increase your understanding. There are many free resources here are lists of Subreddits, Books, Podcasts, Apps
5. Join the signal group to refer to reputable good odds !!!!
