You could say Micro Investing is a hot new trend, and there are a variety of apps popping up to cater to this.
I’m going to break down what you need to know about Micro Investing apps and we’re also going to discuss if they’re a good fit for you.
Micro Investing apps help you invest and save money in, well, micro amounts. It makes investing accessible, low risk, and attainable for anyone that isn’t sure how to begin. If you also don’t want to put a lot of work into investing, Micro Investing makes sense on some level.
The best part is, you only need a few dollars to get started. That’s right, you only need a few dollars; not thousands, not hundreds of thousands.
That being said, you’re not going to be making thousands or hundreds of thousands of dollars through Micro Investing. You might not even make a few hundred dollars off Micro Investing.
We’re talking a micro level, which is going to amount to a micro amount of money for you. So if you’re excited to make a few dollars off a few dimes, go ahead.
Micro Investing shouldn’t be a get rich strategy, your retirement plan, or the only way you plan on saving money.
It won’t make you a millionaire and it won’t help you quit working by the time you hit 30. It’s too micro to make an impact in those ways and will pretty much only add up to pocket change for you.
Bre is a female millennial go getter residing in New York. One part entrepreneur, one part geek, she obtained her degree in Textile/Surface Design from The Fashion Institute of Technology.
She has held some exciting roles in both fashion as a designer working for brands like Victoria’s Secret and Henri Bendel, as well as in ad tech working for publishers like Ziff Davis.
Today she operates her own luxury label and is also the Chief Chick at Chipchick.com which reaches millions of women each month.
Bre is passionate about keeping women informed of the latest technology trends and products to improve their lifestyle and believes in providing real, useful information and advice to her readers.