Investing with little money

Investing? That's only for people with loads of money! Unfortunately, many people assume investing isn't for them. They might think you need to have an amount like ten thousand euros to begin investing, or that it's better to earn and save a money first, and only when they're rich, think about investing it. This is of course absolute nonsense! Anyone can start investing, even with very little money. If you've just got a few hundred euros to your name, and are interested in investing, read on for our take on the matter.

Investing for beginners with little money

At Peaks, you don't need to have a fortune to begin investing. In fact, you can start investing with just a single euro. You don't have to deposit a large amount once, or even hundreds of euros a month. You can deposit as much or little as you like and do this manually or automatically, regularly or on a whim.

What if you rounded up every purchase you made to the nearest euro and invested it? After a decade, that would amount to a substantial fund. This is possible with the Round-ups feature on your Peaks account, which rounds up your everyday spends to the nearest euro and invests the difference.

Investing with little money, regularly

If you truly want to reap the benefits that investing offers, it is a good idea to set aside little bits of money regularly. Leaving it up to yourself to develop a regular investing routine can be challenging though. That's why there are ways to automate your investing deposits with Peaks, daily, weekly, monthly or based on spend, like we mentioned above. 

When is it not advised to begin investing?

If you really can't spare a euro a day, then it's probably not a good idea for you to start investing. Investing always involves risk, and you have to be able to spare the money you invest. If your fridge breaks down, you'll want to buy a new one with your savings, without having  to raid your investing fund.

If you can spare about thirty euros a month, then it is a good idea to start investing as early as possible. Even if the amounts are small, if you keep it up for a long time, it will add up to a tidy sum and the return-on-return effect will really start working for you. Foresight, patience and the right choices early are the key to getting ahead!