Looking to get a head start investing, but you aren’t sure where to start? Maybe you’re looking at different investment options from stocks and bonds to real estate. The only problem is that your bank account hasn’t quite caught up with your ambition. Not to worry, there are plenty of low-cost options to get your investment journey started.
How To Find Stocks Under $20
Starting your investment portfolio seems like a gigantic undertaking for the newbie investor. You might be intimidated by the finance lingo and have no clue where to begin. You may be thinking to yourself “I’ll do it later when I have time to figure it out”.
For most, that time never comes. Or perhaps, you don’t have loads of cash sitting around to invest. That’s exactly why MoneyLion created a fully managed investment account that is customizable to everyone from beginner to the seasoned investor.
Want to know more? Below we will walk you through our how-to guide to get started today.
Get a Fully Managed Investment Account
We’ve teamed up with Wilshire Associates, a leader in the investment industry with 30-years of expertise, to develop your strategy based on a few questions you answer in the MoneyLion app to help us determine your investment tolerance.
We will recommend the best portfolio for you, and you can accept it or make adjustments. We offer a range of portfolios from ultra-conservative investing to an aggressive approach.
Once you’ve narrowed down your strategy, your personalized portfolio will be a mix of stock and bond ETFs. For only $1 monthly, you’ll have access to expert advice and investment management with no minimum requirements, and you can add or withdraw funds anytime you’d like.
Based on your level of risk tolerance, there are seven core portfolios:
Steady Income
Conservative
Moderately Conservative
Moderate
Moderately Aggressive
Aggressive
Equity Only
After your portfolio strategy is selected, sign up for auto-investing with recurring deposits, and watch your investments grow.
Search the Market
Sorting, researching, and selecting stocks on your own isn’t for the faint of heart. It takes time, education, and due diligence to ensure you’re investing wisely – which is why brokers charge so much. Also, this route requires you to open a brokerage account that will allow you to purchase single stocks. These brokerages often charge all sorts of fees, commissions, and have minimums requirements.
When looking for low-cost stocks to invest in, a good place to start is with companies you know and trust. If you are already using the product or service, you’ll feel more comfortable investing in something you believe in. At MoneyLion, we offer thematic sets of ETFs that align with your passions and interests, and there’s no added cost to add them to your portfolio.
Can I Invest $20 Today?
Yes, you can start investing today with as little as $20. Once you download the MoneyLion app, you’ll have access to a suite of finance products available within minutes. Follow our steps below to open up your investment account with MoneyLion.
Download the MoneyLion App
Open Investment Account – Click on the finances tab and select Investment Account.
Select Portfolio Strategy – MoneyLion will ask you a few questions to determine your risk tolerance, investment goals, and comfort zone and recommend a portfolio for you. There are no right or wrong answers and you can change your strategy at any time.
Review Your Portfolio – Once you’re set up with a strategy based on the answers you provided, you can start transferring funds from your linked account to invest.
Read and Sign Documents – Overview your legal agreements for your accounts.
Add Funds – Start investing by adding funds from your linked account.
Set Up Auto- Invest – Effortlessly grow your money from auto deposits–every dollar counts!
Monitor Your Money – Utilize the MoneyLion app to track finances and manage your investment portfolio.
Invest $20 Today!
Don’t allow your life to pass you by thinking that someday you will start planning for the future. Let today be that “someday”!
You don’t have to be a wolf on Wall Street to begin investing, you just have to start. MoneyLion investment accounts have no account minimums and costs just $1 a month for fully management, trading, and rebalancing services. Invest as little or aggressively as you’d like based on your comfort zone.
In fact, most of our customers are first-time investors, and our personalized approach gives them the flexibility and confidence they are looking for. We take all the guesswork out of the decision-making process and allow you to effortlessly invest in your future. You’re only a few minutes away from taking the next step toward a better financial future!
Download the MoneyLion app today to get started.
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Disclosures
Investment advisory services provided by ML Wealth LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclosures relating to the MoneyLion Investment Account, see Investment FAQs, Form ADV Brochure, and moneylion.com/investing. Accounts are subject to a monthly account fee of $1, $3 (accounts valued over $5,000), or $5 (accounts valued over $25,000).
MoneyLion does not provide, nor does it guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party's failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.
Instacash is a 0% APR cash advance service provided by MoneyLion. Your available Instacash advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors as determined by MoneyLion. This service has no mandatory fees. You may leave an optional tip and pay an optional Turbo Fee for expedited funds delivery. For a $40 Instacash advance with a Turbo Fee of $4.99, your repayment amount will be $44.99. Generally, your scheduled repayment date will be your next direct deposit date. An Instacash advance is a non-recourse product; you will not be eligible to request a new advance until your outstanding balance is paid. See Membership Agreement and help.moneylion.com for additional terms, conditions and eligibility requirements.