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Small Investment Ideas That Take Less Than a Thousand Dollars

Small Investment IdeasYou know that investing in the financial markets or starting your own business is the way that other people make themselves wealthy.  But you can’t afford to buy a rental house or buy up a thousand shares of some trendy stock.  You’ve got a job, a family, and a mortgage to worry about.  How could you possibly risk a large amount of money trying to get in on the action?

The truth is that you don’t.  There a lots of small investment ideas for the faint of heart who want to stick their toe in the water before they jump in to the deep end.  When you start out with less money, you have less risk in your prospective venture.  And once you experience some success, you could likely scale your success on a much broader scope to expand your chances for earning passive income.

 

Small Investment Ideas That Don’t Take Much Cash to Start:

Even if you only have a small amount of money to start out with, you can still make money with less than $1,000.  Though your returns may not be as outrageous as those with bigger initial investments, you will gain some knowledge of how to use these strategies which can help you for when you do decide to go big time!  Here are my tips for getting started.

 

Stocks:

Stocks are always available whenever you want them.  And depending on which ones you want, you can find them for pretty cheap (as in less than $10 each).

Even though the media would have you think that you need to be some kind of big-time high roller to buy stocks, the truth is that you have the option to buy them individually for cheap if you want.  For example I once did some research and found Apple to be a good potential buy.  Unfortunately I was kind of low on funds.  But that didn’t stop me.  I took the $1,000 I had and bought 3 shares.  That’s right – 3 shares.  Good thing too – it doubled in just under a year later!

If you’re willing to do some research into the financials of a company, there are lots of options for dividend stocks or growth prospect stocks that are under $10 each.  But you need to make sure that you know what you’re doing because you don’t want to invest in a company that is going to bomb!

 

Mutual Funds:

Small Investment IdeasSuppose when it comes to stocks you know yourself and know that you don’t know what you’re doing.  That’s fine too.  You can instead invest in a mutual fund which buys you shares within the collective purchase of several larger investments.  As you may already know, mutual funds make great investments because of their tendency to grow using the principles of compounding interest.

Though most of them require $3,000 or more to get started in, there is at least one that I know of that takes a small $1,000 investment to get started in: The Vanguard STAR Fund (VGSTX).

 

ETF’s:

If you’d like to combine the passiveness of mutual funds but the fluctuation of stocks, then perhaps something called an exchange trade fund (ETF) is a good investment idea for you to try.  An ETF is basically the same idea as a mutual fund.  However unlike a mutual fund where the share price changes each day, it’s value fluctuates every minute just like a regular stock.  The other good news: Similar to a stock, you can buy shares individually with small investment sums.  So if your budget is only $100, $500, or $1,000, you too can own them.

 

Internet Business:

Do you think it costs much money to start a website such as this one?  Not even close!  As long as you’re willing to learn a little bit about the tech side of things and don’t mind writing your own content, you can keep your costs really low.  Try less than $100.  From personal experience, I can tell you that building a blog or niche website is one of the cheapest and enjoyable small investment ideas I can think of.   And even if the site doesn’t make as much money as you thought it would or turns out to be more work than fun, you can always try to sell it on an auction site like Flippa.

 

Images courtesy of FreeDigitalPhotos.net

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About Dave Bailey

Dave Bailey
I started University at the age of 24 and graduated from Wayne State Unv. ( Detroit Michigan) at age 28 with a degree in Business and Finance. I began a career in the Insurance Business Promoting Business Insurance to Small Business owners and their Estates. My second career is Internet Marketing and helping people like you reach Financial Freedom.

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