7 profitable small investments – Finance

Contrary to what many people think, did you know that you don’t have to have thousands and thousands of dollars to start your journey in the world of investing.

In fact, you don’t even need $1000 to get started! To help you get started on this profitable venture, we’ve created a list of 7 profitable small investments you can make for as little as $10!

Attention: The content of this article is not financial advice! There is always risk associated with investing. Investments on this page are not always profitable. Consult a professional if you need help or advice.

7 profitable small investments

Here is our list of profitable small investments:

1. Buy fractional shares

If you don’t have the money to buy full shares, did you know you can buy fractional shares? And yes, instead of spending thousands or hundreds of dollars to get just one share, you can now buy 0.01, 0.1, 0.5 (or any other amount your broker allows) of a share!

For example, instead of paying $1000 for X stock, you might decide to buy 1/100 of the stock and only have to spend $10.

You can access fractional shares through most stock brokers. If you do not have an account, we recommend that you open a Wealthsimple account. It’s free and, in addition, by using our link you get a free action!

2. Dividend shares

Dividend stocks are another way to invest small amounts and earn monthly, quarterly or annual dividends (depending on the dividend stocks you invest in). Although dividend stocks will vary in market price, generally if you invest in a stock that is considered a “dividend aristocrat”, the company will adjust the dividend yield so that the amount the investor receives is not too affected.

To read: 7 best technical analysis books on the stock market

3. Invest your money

Did you know that today there are many banking applications and services that allow you to round up your purchases that you make with your credit card or debit card and invest the difference.

For example, if you buy something for $12.70, the application will round up your purchase to $13 and invest an additional $0.30.

This is not only an easy and cheap way to invest, but it is also a great way to earn a few extra dollars every month on your investments.

Once the purchase is rounded off, the amount is invested in a portfolio with a risk of your choice that can give you a huge return on investment!

You can subscribe to this service for free from your bank account or using a free app like Wealthsimple.

4. Join your employer’s pension plan

If your employer offers a retirement plan, ask Human Resources to enroll you. Depending on your employer’s contribution, you can get a lot of money quickly and for a very small investment!

Pension plans vary from employer to employer, but generally your employer offers you to contribute a certain amount for each amount you contribute to your RRSP.

For example, if your employer offers to contribute the same amount as you up to an annual limit of $3,000, you can get $3,000 “free” by investing $3,000 in your RRSP.

To read: What is market capitalization?

5. Invest in Stablecoins on a high interest platform

It is a riskier investment compared to others, but can give you an attractive return on investment. Stablecoin savings accounts can offer up to 20% annual returns depending on the platform you use. The most popular are currently BlockFi or Binance.

6. Invest in real estate through REITs

Investing in real estate is a big investment for most investors. But did you know that you can invest in real estate with just a few dollars in your bank account?

And yes, thanks to REITs, which are complex financial products, you can invest in a real estate portfolio managed by a professional company and receive monthly dividends for just a few dollars per REIT. You can buy REITs on the stock market through your broker. or, if you don’t have it, at Wealthsimple.

7. Invest in your own business

If you have an entrepreneurial spirit, why not invest the small amount you plan to invest in your own business?

These days you don’t need thousands of dollars to start your own business, you just need to create your own website or social media page to start a business.

To read: 7 Best Aristocrat Dividend ETFs

Conclusion

Ultimately, whether you invest one way or another, the most important thing is to have a long-term plan and strategy that works best for your income and your lifestyle. Invest as soon as possible and remember that any investment is a good start!