Investing in Startup Companies
This is risky, but not as risky as stock can be, and the returns can be amazing. I recommend using a dollar cost averaging strategy like you would use when buying stock. Just keep investing over a period of time into various startup companies, so that you spread your risk and increase your chances of buying a Unicorn. When you invest in startup companies, you can expect to recover your money in one out of ten investments, and one out of one hundred you can strike it rich with a Unicorn. A Unicorn company is a FaceBook, Google, Uber, Airbnb, etc, a company that becomes super successful and you can turn a ten thousand dollar investment into a ten million dollar investment or better. You have an option of doing the research yourself and investing through websites or picking websites that screen the companies for you. Obviously, the more you do on your own, the greater the share of the profits. Websites such as WeFunder, SeedInvest, StartEngine, AngelList, CircleUp, MicroVentures, and FundersClub allow you to browse companies to make investments in a variety of ranges and options.
Women Can Invest in Ellevest
An investment website set up to cater to women's needs. It's a robo-adviser that does gender-based investing in companies that help promote the advancement of women. It also takes into account female-specific factors such as longer expected life spans than men and lower incomes than men. They do take men as clients, but they're focused on the needs of female clients.
Invest with Robo Investors
Swell allows you to invest in high growth industries solving global challenges. Other apps, like Betterment, Robinhood, Stash, or M1 Finance, charge you fewer fees and give you a variety of flexible options to help you invest. Several of these companies have a sign on bonus for new accounts. Personal Capital or Blooom will analyze your portfolio and provide you with advice on how you could improve your allocation to help you achieve your goals. Investing with apps is the new preferred way for people to invest because of all the free service options that come with it.
Micro Investing with Worthy Capital
With as little as ten dollars you can invest your money into Worthy Capital’s five percent fixed bonds which is eighty-three times more than you could get from a bank, and you're allowed to pull your money out whenever you want without fees. This is one of my favorite ways to invest money that is sitting in my bank account and that I can't invest long term in something because I may need it.