Q: What's the best way to invest $100?
A: Online trading has definitely opened the door to beginning investors. You can get started with investing, whether you have $1,000, $100, or even less at some brokerages.
Beginning investors have to deal with two primary barriers: minimum deposits and fees. You need to pay close attention to both these barriers to get started. Many, but not all, mainstream online brokerage firms require investors to have at least $1,000 to start.
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For investors with just $100 to invest, the best place to start is with commission-free investments at a firm with no minimum deposit. One option might be to open an account with TD Ameritrade, which has no minimum deposit. Additionally, TD Ameritrade offers more than a 100 exchange-traded funds, or ETFs, that you can buy and sell for no commission.
ETFs are stocks you can buy that own hundreds of stocks. ETFS are a good way to spread your bet, and keep your expenses low.
If you'd rather invest in individual stocks, and not ETFs, another option is Loyal3. This online brokerage allows you to buy from a limited menu of popular stocks, like Disney, Berkshire Hathaway and Starbucks, and pay no commission. Remember if you go this route, it is up to you to make sure you spread your money around a variety of stocks.
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