Start small but aim high. Micro-investing platforms allow you to invest tiny amounts in diversified portfolios, giving you a chance to grow your investments gradually.
Invest in real estate without the hassle of property management. Real Estate Investment Trusts (REITs) pool money from multiple investors to buy, manage, and sell income-generating properties.
Cut out the middleman and lend directly to individuals or small businesses through P2P lending platforms. Earn interest and diversify your income sources.
Many companies offer Dividend Reinvestment Plans (DRIPs), allowing you to reinvest dividends automatically. This strategy compounds your returns over time and boosts your investment value.
Minimize your tax liabilities by strategically selling investments that have experienced losses. Use these losses to offset capital gains and potentially lower your tax bill.
If your employer offers an Employee Stock Purchase Plans (ESPP), take advantage of this opportunity to purchase company stock at a discounted price. It can be an excellent long-term investment.
Invest in low-cost index funds or exchange-traded funds (ETFs) that track a specific market index. These funds provide diversification and long-term growth potential.