Igor Avatar

A way of investing small amounts of money in exchange for fractional shares of stocks, ETFs, or other assets. Micro investing can help you start your investing journey, diversify your portfolio, and achieve your financial goals.

But with so many micro investing companies out there, how do you choose the best one for you?

Here are some factors to consider and some of the best micro investing companies to grow your money.

Factors to Know About Micro Investing Company

Investing in Stock Market” by NappyStock/ CC0 1.0
  • Fees: Micro investing companies may charge fees for their services, such as monthly or annual fees, trading fees, or account maintenance fees. These fees can eat into your returns, so you want to choose a company that has low or no fees.
  • Investment Options: Micro investing companies may offer different types of investment options, such as stocks, ETFs, bonds, cryptocurrencies, or robo-advisors. You want to choose a company that has the investment options that suit your risk tolerance, preferences, and goals.
  • Features: Micro investing companies may have different features that can enhance your investing experience, such as round-ups, automatic deposits, dividend reinvestment, goal setting, or educational resources. You want to choose a company that has the features that help you save more, invest more, and learn more.
  • Customer Service: Micro investing companies may have different levels of customer service, such as phone, email, chat, or social media support. You want to choose a company that has responsive and helpful customer service in case you have any questions or issues with your account.

Companies to Grow Your Money

Here are some of the best micro investing companies to grow your money based on the factors mentioned above.

Acorns

  • Is one of the most popular micro investing companies that helps you invest your spare change.
  • Acorns rounds up your purchases to the nearest dollar and invests the difference in a portfolio of ETFs based on your risk profile. Acorns also offers a checking account, a retirement account, and a rewards program that gives you cash back when you shop with partner brands.
  • Acorns charges $1, $3, or $5 per month depending on the plan you choose.

Stash

  • Micro investing company that lets you invest in fractional shares of stocks and ETFs with as little as $1. Stash also offers a banking account, a retirement account, and a custodial account for kids.
  • Stash also provides personalized guidance and educational content to help you learn about investing.
  • Stash charges $1, $3, or $9 per month depending on the plan you choose.

Robinhood

  • Company that lets you trade stocks, ETFs, options, and cryptocurrencies with no commission fees.
  • Robinhood also offers a cash management account that pays interest and gives you access to over 75,000 ATMs.
  • It also has a premium service called Robinhood Gold that gives you access to margin trading and research reports for $5 per month.

M1 Finance

  • Lets you create your own portfolio of stocks and ETFs with no trading fees.
  • M1 Finance also offers a checking account, a borrowing option, and an automated investing feature that rebalances your portfolio according to your preferences.
  • M1 Finance is free for the basic service and charges $125 per year for the premium service.

Betterment

  • Uses robo-advisors to create and manage your portfolio of stocks and bonds based on your goals and risk tolerance.
  • Betterment also offers a checking account, a savings account, a retirement account, and a charitable giving option.
  • Betterment charges 0.25% or 0.4% per year depending on the plan you choose.

Closing this chapter, it’s evident that the fusion of passive income and strategic micro-investing creates a robust foundation for your financial future.

Stay tuned for deeper insights into maximizing your earnings and building lasting wealth.

More Articles & Posts

Discover more from Ai Profit

Subscribe now to keep reading and get access to the full archive.

Continue reading