Micro-investing is a type of investment strategy that allows individuals to invest small amounts of money regularly over time. [1]
Background
Micro-investing is designed to make investing more accessible and affordable, especially for those who may not have a lot of money to invest or who are new to investing. [2]
The idea of micro-investing has been popularized and made more accessible through the rise of financial technology ( fintech) companies such as Stash, [3] Robinhood and Acorns. [4] These companies have made it possible for individuals to invest even small amounts of money regularly. [5]
The goal of the technology is to help people invest small amounts of money easily, regularly, and affordably with the intent of democratizing access to financial services & products that have historically only been available to the wealthy. This Fintech innovation allows many micro-investing platform users to invest very small amounts of money, such as a few cents or dollars, and these small investments can accumulate over time to build up a larger portfolio. [6]
References
- ^ Gravier, Elizabeth (1 April 2023). "The top 4 investing apps to help newbies and experts build their wealth from anywhere". CNBC. Retrieved 20 April 2023.
- ^ Sinha, Sanjeev (12 April 2023). "Micro-investing allows investors to invest with as little as Rs 1: Ronit Harisingani". Financial Express. Retrieved 3 May 2023.
- ^ Brooks, Ernest H. (30 July 2021). Pandemics and Behavior Finance Control Wall Street Volatility. Christian Faith Publishing. ISBN 9781098085896. Retrieved 20 April 2023.
- ^ Jolly, Jennifer (8 March 2018). "Micro investing apps have been popular during the stock market's rise. Do they work when it dives?". USA Today. Retrieved 20 April 2023.
- ^ Harisingani, Ronit (11 February 2023). "How are micro-investing apps encouraging savings amongst the new working population?". The Times of India. Retrieved 20 April 2023.
- ^ Ahmed, Nabeel (30 July 2022). "Why are millennials, Gen Z, drawn towards micro-investing apps?". The Hindu. Retrieved 20 April 2023.
Micro-investing is a type of investment strategy that allows individuals to invest small amounts of money regularly over time. [1]
Background
Micro-investing is designed to make investing more accessible and affordable, especially for those who may not have a lot of money to invest or who are new to investing. [2]
The idea of micro-investing has been popularized and made more accessible through the rise of financial technology ( fintech) companies such as Stash, [3] Robinhood and Acorns. [4] These companies have made it possible for individuals to invest even small amounts of money regularly. [5]
The goal of the technology is to help people invest small amounts of money easily, regularly, and affordably with the intent of democratizing access to financial services & products that have historically only been available to the wealthy. This Fintech innovation allows many micro-investing platform users to invest very small amounts of money, such as a few cents or dollars, and these small investments can accumulate over time to build up a larger portfolio. [6]
References
- ^ Gravier, Elizabeth (1 April 2023). "The top 4 investing apps to help newbies and experts build their wealth from anywhere". CNBC. Retrieved 20 April 2023.
- ^ Sinha, Sanjeev (12 April 2023). "Micro-investing allows investors to invest with as little as Rs 1: Ronit Harisingani". Financial Express. Retrieved 3 May 2023.
- ^ Brooks, Ernest H. (30 July 2021). Pandemics and Behavior Finance Control Wall Street Volatility. Christian Faith Publishing. ISBN 9781098085896. Retrieved 20 April 2023.
- ^ Jolly, Jennifer (8 March 2018). "Micro investing apps have been popular during the stock market's rise. Do they work when it dives?". USA Today. Retrieved 20 April 2023.
- ^ Harisingani, Ronit (11 February 2023). "How are micro-investing apps encouraging savings amongst the new working population?". The Times of India. Retrieved 20 April 2023.
- ^ Ahmed, Nabeel (30 July 2022). "Why are millennials, Gen Z, drawn towards micro-investing apps?". The Hindu. Retrieved 20 April 2023.