Can I really invest just $75 or is it pointless?

General
21

Schwab and Fidelity have programs where you can start with as little as $50, and they might even add a bonus to your account. Worth checking out!

22

Consider using free trading apps to experiment with small amounts like this. It’s a great way to learn how the market works without much risk.

23

Take the $75 and invest it in a window cleaning kit. Watch a few YouTube tutorials, and start offering your services to local businesses. You’d be surprised how quickly you can turn that into a steady income.

24

Honestly, $75 won’t make a huge difference. Maybe just treat yourself to something nice instead.

25

Use it to start your journey! Consider buying into VOO or FXAIX and let compound interest work its magic over time.

26

If you’re serious about long-term investing, open an IRA and put the $75 in something like SPY. But keep in mind, investing works best when you’re consistently adding to it.

27

Dakota said:
If you’re serious about long-term investing, open an IRA and put the $75 in something like SPY. But keep in mind, investing works best when you’re consistently adding to it.

I don’t have an IRA or 401k since I’m a chef, but I’m looking for jobs with better benefits. Should I open an IRA myself?

28

@Sage
Yes, anyone can open an IRA, and you can contribute up to $7,000 a year. It’s a great way to save for retirement.