Investors searching for stocks under $5 could open themselves to hidden opportunities and potential risks. Traditionally, these stocks are not included in the portfolios of most mainstream investors. Discerning the differences between hidden gems and crashing enterprises is paramount when researching stocks under $5.
How to find stocks under $5
You can conduct your own research to find stocks under $5 or you can rely on a fully managed investment account, which puts your money into the hands of investing professionals. Finding hidden gems in the stock market can take hours of research and years of patience.
A fully managed account can afford you a hands-off approach to investing. While it offers no guarantees, it may present better diversification and risk-mitigation efforts than portfolios filled with individually picked stocks.
The downside is that fully managed portfolios can get expensive. However, MoneyLion offers an option for investors looking for managed portfolios on a budget. Our portfolios contain an array of stock and bond ETFs to fuel diversification and growth opportunities that match your risk tolerance and investment profile.
Additionally, you can grow your portfolio with every qualifying purchase through Round Ups. This feature enables users to round up each eligible purchase and invest the difference.
Here’s how it works: Let’s say you make a $26.75 purchase, MoneyLion’s Round Ups feature will round the purchase up to $27 and invest the remaining 25 cents into your investment account. Each Round Up won’t grow your portfolio significantly, but many Round Ups can impact your portfolio over time.
Do your own research
Although a fully managed account puts your money in the hands of seasoned investors, conducting your own research can help you understand your investments. You can use sites like Yahoo! Finance, and Nasdaq to view financial news and data about stocks. These sites enable anyone to access pertinent details such as a stock’s P/E ratio, dividend payment history, and average trading volumes.
The research doesn’t end with the purchase. It will help if you stay updated on news and relevant financial information around your holdings.
Can I invest $5 today?
A MoneyLion Investment Account gives you access to fully managed portfolios that fit your objectives. You can invest in one of MoneyLion’s managed portfolios for as little as $5. Downloading the MoneyLion app gives you access to a suite of financial products at your fingertips. Fees apply, depending on which products you take advantage of. Create a MoneyLion Investment Account today.
Steps to invest or buy crypto
If you want to invest in stock or bond ETFs or buy cryptocurrencies, follow these steps.
Download the MoneyLion app
Downloading the MoneyLion app gives you access to a growing community filled with millions of users. After setting up the app, perform the following actions to optimize your portfolio.
Choose your investment strategy – We will walk you through this process with a few questions about your risk tolerance.
Add funds from a linked checking account – You can link to your RoarMoneySM account or other checking accounts.
Turn on Auto Invest – This is an optional feature that can help you make consistent deposits toward your portfolio via automatic transfers. You can adjust your auto investment’s frequency and contribution size. Auto investing is a strategy for effortless portfolio growth.
Monitor Your Money – check your MoneyLion account daily to stay on top of your finances. Review your financial accounts, spending habits, credit score, and more. MoneyLion’s financial tools make it easy for users to monitor their finances.
Round Ups with MoneyLion
MoneyLion’s Round Ups feature allows you to build up your portfolio with every qualifying purchase. Since the Round Ups feature only rounds to the nearest dollar, you may barely notice as your portfolio gradually grows with each qualifying purchase. MoneyLion’s Round-Up feature is a way to complement the Auto Investing feature.
Buying crypto
Crypto continues to be a topic of discussion, but purchasing can be a hassle for beginners. We’ve removed the confusion and created an easy way to buy cryptocurrencies with MoneyLion Crypto, powered by Zero Hash. Our members can easily purchase Bitcoin, Ethereum, Bitcoin Cash, and Litecoin..
Select your portfolio and let MoneyLion handle the rest
MoneyLion caters to investors with varying experience levels, from newbies to seasoned investors, so anyone can invest in a well-diversified and low-cost ETF portfolio. Get started with a MoneyLion Investment Account today!
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Disclosures
This material is for informational purposes only and should not be construed as financial, legal, or tax advice. You should consult your own financial, legal, and tax advisors before engaging in any transaction. Information, including hypothetical projections of finances, may not take into account taxes, commissions, or other factors which may significantly affect potential outcomes. This material should not be considered an offer or recommendation to buy or sell a security. While information and sources are believed to be accurate, MoneyLion does not guarantee the accuracy or completeness of any information or source provided herein and is under no obligation to update this information. For more information about MoneyLion, please visit https://www.moneylion.com/terms-and-conditions/.
MoneyLion is a financial technology company, not a bank. RoarMoney℠ demand deposit account is provided by, and MoneyLion Debit Mastercard® is issued by, Pathward®, National Association, Member, FDIC. RoarMoney is a service mark of MoneyLion. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Funds are FDIC insured, subject to applicable limitations and restrictions, when we receive the funds deposited to your account. MoneyLion is not itself a bank or a FDIC-insured institution and the FDIC's deposit insurance coverage only protects against the failure of a FDIC-insured institution. Pathward, National Association is a FDIC-insured depository institution.
*MoneyLion Crypto account holders need to have an open and active RoarMoneySM account in order to buy and sell cryptocurrencies through the Moneylion app.
This optional offer is not a Pathward® product or service. Credit Builder Plus membership ($19.99/mo) unlocks eligibility for Credit Builder Plus loans and other exclusive services. A soft credit pull will be conducted which has no impact to your credit score. Credit Builder Plus loans have an annual percentage rate (APR) ranging from 5.99% APR to 29.99% APR, are made by either exempt or state-licensed subsidiaries of MoneyLion Inc., and require a loan payment in addition to the membership payment. The Credit Builder Plus loan may, at lender’s discretion, require a portion of the loan proceeds to be deposited into a reserve account maintained by ML Wealth LLC and held by DriveWealth LLC, member SIPC and FINRA. The funds in this account will be placed into money market and/or cash sweep vehicles, and may generate interest at prevailing market rates. You will not be able to access the portion of your loan proceeds held in the credit reserve account until you have paid off your loan. If you default on your loan, your credit reserve account may be liquidated by the lender to partially or fully satisfy your outstanding indebtedness. May not be available in all states.
Cryptocurrency transaction and custody services are powered by Zero Hash LLC and Zero Hash Liquidity Services LLC. When you enable MoneyLion Crypto, you must also agree to the Zero Hash LLC and Zero Hash Liquidity Services LLC terms and conditions and enable your Zero Hash account. Cryptocurrency balances are not covered by FDIC or SIPC insurance. Services may not be available in all states.
The cryptocurrency assets in your Zero Hash account are not held at MoneyLion or Pathward. Pathward and MoneyLion are not responsible for the cryptocurrency assets held in any Zero Hash account. Neither MoneyLion, nor Pathward, is involved in the purchase, sale, exchange of fiat funds for cryptocurrency, or custody of the cryptocurrencies. Services may not be available in all states.
RoarMoney Accounts with an active Investment Round Ups feature will round-up each eligible transaction to the nearest dollar. Once it accrues to $1 or more, it will be transferred to your MoneyLion Investment Account, where the funds are invested into a portfolio of selected ETFs.
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).