BiG Tips: Don’t be put off investing by thinking you need big bucks! You can start investing with just a small amount, $500 ASX, especially through many of the micro investing choices, Apps and ETFs (Exchange Traded Funds) and more. that you’ll find on BiG.
Things to think about:
- how much money do you have now, can you earn, can you access or borrow, might you inherit?
- what’s your investing time frame – a few months, years or more?
- what’s your appetite for risk?
- how much do you want to be involved in your investments?
- do you want professional help?
You’ll find heaps of ideas, experiences shared, tips, tricks and Top 7, 10 or more online.
Check out some ideas of BiG’s Analysts and Commentators, Guru Cops and comparison sites BiG’s found in our Directory.
Here are some investing ideas to get you started:
How to start investing for millennials, Savings.com.au, Their Beginner’s Guide to Investing covers:
- Why invest?
- What to do before investing
- How much you need to invest
- Where to invest your money?
- How to begin investing in shares?
- How to choose which shares to buy?
Investing $5,000 when you don’t want to keep it in the bank, ABC Everyday, Patrick Wright
7 Top Investments for Young Australians in 2021, Canstar They say: “Start sooner rather than later. We’ve all seen the “Compare the pair” ads where Alice and Bob both make the same salary but Alice’s super provider has a better return, and by the time they retire she has thousands more in her account than Bob. Compound interest is a strange and powerful force and over time can make a huge difference to your investment. If you were to start saving while you’re young, even if it’s only a small amount, you’d have time on your side to grow your money. A little now can add up to a lot later, especially with the help of compound interest. You can start investing with as little as $500 in an exchange-traded fund or $1000 for a managed fund.”