What Is The Best Way To Invest $500?

Can I start investing with $500?

But while you might be allowed to open an account with just $500, each fund has its own minimum and you might not have enough money to invest in what you want.

If you have more money to invest, you can get access to even lower-cost index funds and ETF options.

What should I do with $500?

15 of the Smartest Things You Can Do With $500 Right Now

  • Invest in an index ETF.
  • Pay down credit cards.
  • 3. Make an extra payment on a mortgage.
  • Start an IRA.
  • Consolidate some debt.
  • Buy life insurance.
  • Fix your car.
  • Get a health screening.

How can I invest less than $500?

Here are four ways you can start investing with less than $500.

4 Ways to Start Investing With Less Than $500

  1. Consider DRIPs or DRPs.
  2. Invest in Individual Stocks.
  3. Pick Mutual Funds.
  4. Start a Business.

What is the best thing to invest money in?

Here are the best investments in 2019:

  • Certificates of deposit.
  • Money market accounts.
  • Treasury securities.
  • Government bond funds.
  • Municipal bond funds.
  • Short-term corporate bond funds.
  • Dividend-paying stocks.
  • High-yield savings account.