It’s no secret: Investing can a great way to grow your money. But that’s something only wealthy people do, right?
You don’t have to be Warren Buffet to start investing.
In fact, you can get started with just $1, using a company called Ellevest.
Plus, when you sign up through The Penny Hoarder, you’ll get a $25 bonus in your Ellevest account.*
All You Need is 10 Minutes and $1 to Get Started
The nice thing about Ellevest? You don’t even have to know how to pick stocks.
When you sign up, you’ll answer a few questions about yourself and your goals. Want to buy a home? Plan for retirement? Save for a vacation? Then, Ellevest creates a customized investment plan for you.
Even better: The whole platform is designed for women, by women and in support of women-owned businesses. In fact, the company was founded to address the fact that women statistically get paid less than men (and live longer!), which most financial companies typically ignore.
Ellevest is free to sign up for, and there’s no minimum balance. That means, if you need, you can start with $1. Then you’ll pay an annual fee of 0.25% of your assets under management to Ellevest. (For context, that’s $25 on a $10,000 account.)
Oh, and don’t forget about that $25 bonus to help you get started!
*The Ellevest The Penny Hoarder promotional offer is valid for the first 1,000 new clients of Ellevest who enter through this designated landing page. Clients who enroll and fund their non-retirement account will receive $25 added to their highest priority goal in their Ellevest account. Clients who enroll and fund their retirement account will receive a $25 Amazon gift card which can be redeemed by visiting www.amazon.com. Please review Amazon.com Gift Card Terms and Conditions prior to redemption. Ellevest is not responsible for lost Amazon Gift Cards. Ellevest’s processing time for depositing $25 into a client’s Ellevest account or delivery of a $25 Amazon gift card may be up to 60 days.