How to start Investing with small amounts of money

Acorns is a great way to get your foot in the door to the investment world. They invest in ETF's (managed sharemarket funds essentially) so returns are about 8-10% on average. Once you've accumulated roughly $1K you can then start looking at Investing directly in managed funds with no monthly fees through commsec or similar or looking to invest directly in shares through CMC or Commsec or similar platforms. To accumulate quicker you can transfer cash to the acorns account so it is out of plain sight in your bank account. From my experience, people tend to try and save as much as possible from their week/fortnightly pay and then distribute their savings to acorns. Acorns is good from the 0-1K range because a) it gets your funds out of sight from your account and b) you are not hit with a $20+ transaction fee as with Commsec, CMC. However, there is a $1.25 monthly account fee. As frustrating as that is, once you hit $100 your monthly returns (on average) will outweigh the fee https://www.acorns.com/ https://acornsau.com.au/

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