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Micro-investing

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Micro-investing is a type of investment strategy that allows individuals to invest small amounts of money regularly over time.

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.

The idea of micro-investing has been popularized and made more accessible through the rise of financial technology (fintech) companies such as Stash, Robinhood and Acorns. These companies have made it possible for individuals to invest even small amounts of money regularly.

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.

References

  1. 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.
  2. 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.
  3. Brooks, Ernest H. (30 July 2021). Pandemics and Behavior Finance Control Wall Street Volatility. Christian Faith Publishing. ISBN 9781098085896. Retrieved 20 April 2023.
  4. 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.
  5. 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.
  6. Ahmed, Nabeel (30 July 2022). "Why are millennials, Gen Z, drawn towards micro-investing apps?". The Hindu. Retrieved 20 April 2023.


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