How Much Do You Need to Get Started Investing?
$1 or $1000? All your questions answered and more
How much money do you need to invest?
How much money should you invest?
There’s no right or wrong answer, and this is why many people give up. But the stock market is a different animal today.
It’s actually the easiest it's ever been to invest. You could start investing in the stock market with as little as $5 thanks to zero-fee brokerages (e.g. Webull and Robinhood) and the magic of fractional shares (buying a portion of an entire stock).
Since the stock market, on average, returns 8% annually, your money will do much better than a traditional savings account. Moreover, fellow writer Cody Collins wrote about how you should expect more than an 8% return from the market.
However, I’d say a good place to start is anywhere between $100 and $1000. It’s even possible to double your money if you put it in the right places.
This is how I would invest $1000 [aggressively]
20% in an ARK ETF
One of my favorite Medium writers Silver Berry introduced ARK’s series of ETFs to me, and it’s since become is my favorite exchange-traded fund to invest in.
