Contrary to popular belief, you don’t need a lot of money to start investing. With just $100 (200,000 Naira), you can tap into various investment opportunities that have the potential to grow your wealth over time. Here are twenty such opportunities, along with step-by-step solutions on how to get started.

1. Stocks

Investing in stocks allows you to own a piece of a company. With $100, you can buy shares of reputable companies through platforms like Robinhood, E*TRADE, or Trove.

How to Get Started:

Sign up on an investment platform.

Research stocks and invest in fractional shares.

2. Exchange-Traded Funds (ETFs)

ETFs are collections of stocks or bonds. They are less risky than individual stocks and can be purchased through the same platforms.

How to Get Started:

Choose an ETF that suits your investment goals.

Buy shares on an investment platform.

3. Mutual Funds

Invest in mutual funds which pool money from multiple investors to buy a diversified portfolio of stocks and bonds.

How to Get Started:

Select a reputable mutual fund.

Invest through your bank or an online broker.

4. Savings Accounts

High-yield savings accounts offer better interest rates than regular savings accounts. Banks like GTBank and Access Bank provide such options.

How to Get Started:

Open a high-yield savings account.

Deposit your money and earn interest.

5. Peer-to-Peer Lending

Platforms like Prosper and LendingClub allow you to lend money to others and earn interest on repayments.

How to Get Started:

Sign up on a P2P lending platform.

Start lending small amounts.

6. Cryptocurrency

Investing in cryptocurrency like Bitcoin or Ethereum can be lucrative but volatile.

How to Get Started:

Sign up on a crypto exchange like Binance or Luno.

Buy small amounts of cryptocurrency.

7. Real Estate Crowdfunding

Invest in real estate projects through crowdfunding platforms.

How to Get Started:

Join a real estate crowdfunding platform like Crowdstreet.

Invest in real estate projects.

8. Treasury Bills

These are government-backed securities that are low-risk.

How to Get Started:

Buy treasury bills through your bank or online platforms like FGN Savings Bond.

9. Micro-Investing Apps

Apps like Acorns and Stash let you invest small amounts by rounding up your purchases.

How to Get Started:

Download a micro-investing app.

Link your debit card and start investing.

10. Commodities

Invest in commodities like gold, silver, or agricultural products.

How to Get Started:

Use platforms like BullionVault or commodity trading accounts.

Purchase small amounts of commodities.

11. Forex Trading

Trading currencies on the foreign exchange market can be profitable.

How to Get Started:

Open a forex trading account with brokers like FXTM or OctaFX.

Start trading with a demo account before using real money.

12. Bonds

Buy government or corporate bonds, which are relatively safer investments.

How to Get Started:

Research and choose a bond.

Invest through your bank or an online broker.

13. Robo-Advisors

Automated investing platforms like Wealthfront and Betterment can help you invest.

How to Get Started:

Sign up on a robo-advisor platform.

Set your investment goals and let the platform manage your investments.

14. Crowdfunding

Platforms like Kickstarter or GoFundMe can be used to support projects with potential returns.

How to Get Started:

Choose a project you believe in.

Invest small amounts and support the creators.

15. Index Funds

These funds replicate the performance of a specific market index.

How to Get Started:

Choose an index fund that aligns with your goals.

Invest through an online broker.

16. Dividend Reinvestment Plans (DRIPs)

These plans allow you to reinvest dividends to buy more shares.

How to Get Started:

Sign up for a DRIP with your brokerage.

Reinvest your dividends automatically.

17. Precious Metals

Invest in gold, silver, or other precious metals.

How to Get Started:

Use platforms like JM Bullion.

Buy small amounts and store them securely.

18. Art and Collectibles

Investing in art or collectibles can be both enjoyable and profitable.

How to Get Started:

Research and buy pieces with potential value.

Store them securely and sell when the market is favorable.

19. Education

Invest in your knowledge by taking online courses.

How to Get Started:

Enroll in courses on Udemy or Coursera.

Apply the knowledge gained to improve your earning potential.

20. Self-Development

Use your money to improve yourself through fitness, mental health, or skill development.

How to Get Started:

Invest in books, courses, or apps.

Implement the knowledge to enhance your personal growth.