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If you only have $50.00 and want to make money from an investment...what would the best route be?


If you only have $50.00 and want to make money from an investment...what would the best route be?

I started small, you might want to think about penny stocks, you can buy tons of shares, for hardly any money, but it is very risky. Make sure you have a comfortable amount saved first, then work on investing.

buy some iraqian money hold on to it till value goes up and cash in at a world bank.

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Put the $50 in a savings account. Keep putting money into the account and do not touch the money unless it's for a real emergency. When you get up to $1,000, open up a Roth IRA account with an online brokerage firm. Then invest in small caps.

Save religiously and use the stock market as a bank.

invest in capital gains...because on;y taxed by 50%

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If you have only $50, you need to first become a saver. Don't even think about being an investor yet. Do everything you can do to get out of any short term or revolving debt you have now. You'll accomplish so much more doing this and perhaps also focusing on reducing spending to enable you to accumulate more to invest later. You could start investing when you have at least $50 dollars every month to invest. There are mutual funds which will draft that much every month from your checking account. Any investor - even a small one - must think of producing at least tens of thousands and continuing an investement discipline for years. Investing is done for a major goal (college, retirement, etc) not for some consumer purchase. And don't fall for any quick schemes. When you do start to invest, start cautiously and allow yourself to learn as you go. Like anything, it takes time to learn to be a good investor.

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