4 Ways to Grow Your Money Online

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One of the most common worries of every working and earning individual is the seemingly endless cycle of gaining and losing money. The so-called paycheck-to-paycheck lifestyle haunts most of the working-class individuals. Also, another cause of concern is stagnation of incomes and the rising cost of living. As a result, there is no growth in the money they earn, and their income would just slowly dwindle away until the next payday. It’s a repetitive and frustrating issue, and it should be acted upon or else it will become a part of your life. A good way to counter the stagnation of income and savings is to manage your money wisely. And thanks to the internet age, there are various channels that you can use to make your money grow online.

There are many ways to invest money online. You just need to find what is best for you and what suits your current financial situation. These 4 ways of investing online are not necessarily sure-fire ways of growing your money, but these options can show promise if you just have the willingness to start investing.

1. Investing Through a Robo-advisor

Robo-advisors are great providers of online automated investing services. Depending on how much money you can allocate for a starter investment, robo-advisors can invest your money for you. Robo-advisors were created to make investing as simple and accessible, especially for first-time investors and those investing on a budget. The good thing about robo-advisors is that they can automate your investment experience, keep track of your investments and you pay lower fees. One possible downside is that due to the automation aspect, you may not be able to learn and gain much knowledge about investing. Also, robo-advisors can’t provide advice or answer the questions that you may be having about investing.

2. Invest in Dividend Stocks

Companies that are stable and are regularly performing well often offer dividends to stockholders. As a first-time investor; or perhaps an investor with a limited budget, you can always re-invest the dividends you get from your investment and buy more stock. Repeating this process can get you to earn and grow your initial investment.

3. Invest in Exchange Traded Funds (ETFs)

The good thing about exchange-traded funds is its flexibility. It trades on the stock exchange just like a regular stock, it is composed more than one stock, bond, futures or foreign asset. The diversity of securities combined with the flexibility of a stock makes ETFs a good startup investment and learning point for new investors. Another advantage of ETFs is its open tradability. This means that unlike mutual funds, which can only trade once the market has closed for the day, ETFs can be traded as often as you want throughout the day.

4. Invest in Treasury Securities

If you are the cautious type of investor, then you can start off with treasury securities or savings bonds investment. Although the earnings are not much in this type of investment, it is, nevertheless, a safe way to place your money and still earn something without worrying about losing a part or all of your investment. Savings bonds are safe and secure and can be bought at a low starting investment. Once you have sufficient earning from treasury securities investments, you can eventually move on to higher return/higher risk investments.

With many online and application-based platforms available for you to access, you have more than enough options for starting an investment no matter how small your budget. The important thing is to at least start off somewhere. It doesn’t have to be big. Great things come from small beginnings and the hurdles at the beginning are often the hardest. But in most cases, it gets easier as time goes by. This makes it imperative to look far ahead into the future when it comes to your finances. Invest now, and you’ll reap the rewards in the future.

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Samantha Acuna is a writer based in San Francisco, CA. Her work has been featured in The Huffington Post, Entrepreneur.com, and Yahoo Small Business.