Many people especially the young do wait for too long before they decide to invest the little cash that they have at hand, and with the anticipation that they will acquire more money before they fully feel like they should hence forth invest. This however is an illusion since not at any one point will anyone feel like they have had enough money at their disposal and even if so then, whenever they acquire some cash in excess then you will certainly find some pressing issue that will certainly require you to use the money eventually. Therefore the best way to ensure that you not only save the little money you have, is to put it to a good use through investing the cash in a viable investment option.
Plus through an investment, not only will your money appreciate in value through earning profits but you will also be sure that you have your money safe in the right perspective.Therefore it is very wise for every one to always think of the best ideas to invest money before it is misused or before it is too late. To which some of the best ways to invest money, say cash less than 1000 dollars include:
1.Individual Retirement Account at a discount broker:
The proliferation of on line discount brokerage firms like the Scottrade, The trade Monster and Zecco offers some incredible amount of investment tools and trading platforms, to which thereafter you will have almost everything that you require to analyze the company fundamentals to stock charts and trade flows just right at your finger tips
2. Incremental Purchase Plan:
This procedure allows one to automatically buy the shares as well as the fractional shares of stocks, mutual funds as well as exchange trade funds using some set of their money on a monthly basis. This platform enables one to invest their small money in a small dollar increment without requiring any account minimum for putting into your investment.You do not necessarily require to buy a full share of stock but you can buy a fraction of shares across a large pool of stocks
3.Direct Stock Purchase Plan or Dividend Reinvestment Plan
This is a stock purchase plans that allows you to purchase the shares or a fractional shares of stock directly from the companies that sells it. Since you don’t have to open a brokerage account, there is no minimum initial investment that is required of you to which the transfer agent it has contracted with to handle the sale and distribution of its stock. All that you have to do now is to set up an account with the company or with its transfer agent then fund your account with enough money so as to make your initial purchase thereafter you can then sit back and allow your account administrator to reinvest back on your dividends.