Many of you may have an idea now that it’s possible to invest with a little amount of money but for those who are just starting, I’ll give you more specifics on how you can invest with P1,000. Not everyone who wants to earn passive income or become financially free in the future has the capacity to bring out a hundred thousand or a million to put into an investment or trading account. Now that our technology is advanced and there is more access to charts and company information, most brokers out there allow investors to start even with just a small amount of cash.
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You can invest in stocks with P1,000 depending on the broker you choose to use. One of the most popular online brokers and the best is COL Financial. This broker lets you opt for 3 types of accounts: the COL Starter, the COL Plus, and the COL Premium. The COL Starter is an entry-level account with a minimum investment of P1,000. This is suitable for those who want to invest but can only bring out a small amount of money. This account type is also for long-term investing. The COL Plus is for active traders and requires P25,000 as a minimum investment while the COL Premium is for premier investors who can cash in at least P1 Million. There are still other brokers out there but they require at least P5,000 to start with.
When you invest in stocks, you need to study each company you invest in so you would have an idea of what to sell and buy. But when you invest in mutual funds, fund managers will take care of your money. You just have to choose the right fund that suits your risk tolerance. One known broker when it comes to mutual funds is ATRAM Group. Recently, they launched an online platform called Seedbox wherein you can shop for a variety of funds such as equity funds, unit investment trust funds, and mutual funds. This platform has all the information you need when buying your funds and you can start with just P1,000.
You may be blinded by some scam investment companies because they would only require at least P500 for you to become an investor. Avoid this kind of swindle and only trust brokers and companies who are registered in the Securities and Exchange Commission with the right licenses. If you really value your money, do not risk investing it in companies that promise too-good-to-be-true profits.