Three Ways to Invest
1. DIY Style? Pick an online trading platform. For the person who likes to take matters in their own hands, you may want to consider Charles Schwab online or Acorns. Open an E-Trade account or invest your left over change for them to invest in high yield stocks for you. 2. Open an IRA When you open an IRA you have options of where to invest your money and how much you can earn over 1, 5 or 10 years. Roth IRA is money you already paid taxes on. Maximum investment is $5,500 per year into the Roth IRA. Traditional IRA is pre-tax money and you defer taxes until retirement. 3. CD Set up automatic transfers from your bank account to an investment or CD account (high yielding savings account). Take a percentage of your paycheck and do it automatically so you donâ€™t have control.