Micro-investing
Topic: Finance
From HandWiki - Reading time: 2 min
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 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.[3]
The idea of micro-investing has been popularized and made more accessible through the rise of financial technology (fintech) companies such as Stash,[4] Robinhood and Acorns.[5] These companies have made it possible for individuals to invest even small amounts of money regularly.[6]
References
- ↑ Gravier, Elizabeth (1 April 2023). "The top 4 investing apps to help newbies and experts build their wealth from anywhere". CNBC. https://www.cnbc.com/select/best-investing-apps/.
- ↑ Sinha, Sanjeev (12 April 2023). "Micro-investing allows investors to invest with as little as Rs 1: Ronit Harisingani". Financial Express. https://www.financialexpress.com/money/micro-investing-allows-investors-to-invest-with-as-little-as-rs-1-ronit-harisingani/3043983/.
- ↑ Ahmed, Nabeel (30 July 2022). "Why are millennials, Gen Z, drawn towards micro-investing apps?". The Hindu. https://www.thehindu.com/sci-tech/technology/why-are-millennials-gen-z-drawn-towards-micro-investing-apps/article65702383.ece.
- ↑ Brooks, Ernest H. (30 July 2021). Pandemics and Behavior Finance Control Wall Street Volatility. Christian Faith Publishing. ISBN 9781098085896. https://books.google.com/books?id=F906EAAAQBAJ&dq=%22Micro-investing%22&pg=PT334. 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. https://www.usatoday.com/story/tech/columnist/2018/03/08/micro-investing-apps-have-been-popular-during-stock-markets-rise-do-they-work-when-dives/390787002/.
- ↑ Harisingani, Ronit (11 February 2023). "How are micro-investing apps encouraging savings amongst the new working population?". The Times of India. https://timesofindia.indiatimes.com/blogs/voices/how-are-micro-investing-apps-encouraging-savings-amongst-the-new-working-population/.
 |  |
EncycloReader
is supported by the 
KSF