Cool Investments

Even if you have hardly any cash, it is always worth investing it.  But before investing, if you suddenly come in to some extra cash, the first thing you want to do is pay off any outstanding debt you might have.  That will give you a warm fuzzy feeling all over.  Next, if it is just a small amount like $10-$30, then you might just want to hide it in your house, for that emergency time when the ATM down the block isn’t working or you just want to have a fun evening of entertainment without breaking the bank.  But let’s say you have that already and you are really serious about making an investment, albeit a small one. One way of doing this (that won’t cost the earth) is via DRIPS (Dividend Reinvestment Plans) or DSPs (Direct Stock Purchase Plans) since they save you the hassle and cost of going through brokers as you buy stock direct from the companies/agents and there are over 1,000 major corporations offering such stock plans willing to take small investments.  It has been said that DRIPS might be “one of the surest, steadiest ways to build wealth over your lifetime.”  So it really is worth looking into this if you are a first-time or small-time investor or someone who wants to build up a nice little nest egg over time, without risk.