Note From Kalen: Several years ago, we published an article with 3 ways to invest $100 or less for retirement. Here are 5 ways from one of our contributors! Remember, always do your own research before investing in anything. Some of the methods here may be much riskier than others. I allow all kinds of ideas to be shared, but it’s up to you to decide what you want to do. Invest at the level of risk you feel comfortable with.

The idea of investing Money and making a profit from it can be enticing.

But what if you don’t have hundreds or thousands of dollars laying around to invest?

Can you still get started with a small amount of money? The answer is yes.

Here is how you could start investing with just $100 or less.

1. Become a Day Trader

Becoming a day trader in the stock market can be a lucrative way to start making money with a small Investment if you have a mind for market trends.

But what is day trading? Day trading is the buying and selling of stocks within one trading session.

Basically, you are looking at short-term market trends and risking a small amount of money to turn around in the same session and sell for a profit. While there’s some risk involved, this can be a great way to start making a profit in almost no time.

2. Start Your 401(k)

Your employer’s 401(k) or another retirement program can be one of the easiest and lowest-risk ways to invest your money. These programs involve withholding a portion of your paycheck — an amount you probably won’t even notice in your take-home pay. Depending on your employer’s program, you can choose how much you want to invest.

You can start at whatever percentage of your earnings you’re comfortable with and either leave it at that amount or increase it over time.

If your employer matches your investment at their stipulated percentage, you will be glad you decided to invest when you cash out years down the road.

3. Put Your Money Into Mutual Funds

Mutual funds allow you to invest in a portfolio of stocks and bonds in one initial investment.

It can be a great way to get into investing without much hassle. Most of these investment accounts have a minimum investment amount of $500 or more.

However, some programs allow you to invest with just $50 to $100 by setting up a recurring automatic investment.

4. Invest in Certificate of Deposits

Certificate of deposits — or CDs — offer a way to invest your money and keep it safe from being spent without the market risk.

You agree to deposit a specified amount of money for a set time.

While your investment sits, it collects interest.

The longer time you commit to, the larger the return.

5. Start a Savings Account or Emergency Fund

All banks offer savings accounts to their consumers.

While this may not be a strong investment, it’s still a good idea.

Look for a bank that offers high-interest rate savings accounts without a high minimum deposit.

By investing money into these accounts, you will allow your money to start growing. The key to this approach is having the self-control to leave the money where you put it and clearly defining the term “emergency.” This ensures you don’t dip into your investment unnecessarily.

With these investment options, $100 can get you pretty far. From utilizing readily available forms of investment to becoming a day trader, there is something anyone can pursue.

The post 5 Ways to Invest With $100 or Less appeared first on MoneyMiniBlog.