Can you build a fortune with micro investment?

[Jasmine]

What is micro investment?

Micro investment means you start investing with just $5-$10. There are even programs available where you can start investing with just $1

How do you start micro investment?

In order to start micro investment, you will have to use micro investment platforms. There are numerous micro investment platforms available such as acorn, etoro, robinhood, stash, binance, coinbase, etc,

What investment portfolios are available for micro investing?

You can invest in stocks, gold and crypto.

Is micro investment profitable?

Yes, micro investment is profitable. This is the best way to start investing for people with low income.

Can you build a fortune with micro investment?

It depends on how you define fortune. However, it is absolutely possible to grow your net worth through micro investment. In order to do that you need to invest regularly, and you need to continue to reinvest your profit. It might take 10-15 years but you will surely build your net worth.

 

[Mika]

I don't know what the word "fortune" implies. If it means becoming a millionaire, I don't think you can become a millionaire through micro-investment. How can you become a millionaire by investing $50? Maybe you can if you invest $50 every month, for 10-20 years, and increase your investment fund by 20-30 percent every 1-2 years. If you can grow your investment through compounding, you might be able to build a fortune. For example, instead of receiving dividends and spending the money, you can reinvest it. A lot of micro-investment platforms allow investing in crypto. When you are investing in crypto, even a $1000 investment can make you a millionaire. If you cannot spare $1000 at once, you can invest $80 per month for 12 months. If you have the patience to wait for 10 years, you might be able to become a millionaire. Crypto seems to give better yields compared to stocks.