When you have $1,000 or less to invest, there may seem to be only a few options. But the good news is some of the wealthiest investors in the world started somewhere. And though it doesn’t get a whole lot of publicity, there are actually numerous options available for your small amount of money. We list the best way to invest that $1,000 and make it grow into a bigger nest egg.
A pair of micro-investment applications have hit the investment universe in the past couple of years. Acorns and Stash Invest are smartphone-based investment apps that enable you to save and invest very small amounts of money. They then offer professional investment management to help you invest and grow your portfolio.
There are financial milestones that need to be achieved in your 20s and 30s, in order to reach financial success. Some of them will just happen in the normal course of life, but others may require you to be more proactive. This is especially true if you want to master the milestones rather than just backing into them.