Can Pennies Really Add Up?

Can Pennies Really Add Up? Hi Avid investor, I have this habit of transferring only even and significant amounts of money to my savings. Meaning, if I have $146 in my checking that I don't need, I won't transfer it to savings or invest it until it becomes an even $500 or perhaps $1,000. Can you guess what happens to that $146? Why, I spend it, of course! I have a strong suspicion I am not alone. I think this habit is rampant and the reason why so many Americans lack sufficient savings. The thinking is this: What's the point of putting away this $30? Thirty bucks in a savings account is nothing, so I might as well just spend it. Teri Geske, a new writer for Investor Junkie, did the math and showed us how $100 per month is $3.33 per day. That's absolutely nothing to most Americans, which is why they aren't bothering to save an extra $100 per month. But $3.33 a day invested in your mid-20s until you're 65 can turn into $83,500! That's definitely not chump change. Read [How You Can Invest With Only $100 a Month]( And speaking of pennies piling up, who has tried investing in penny stocks? They have a terrible reputation, but as Kat points out in the article below, Monster Beverage (the energy drink) was once a penny stock that today trades for $50+! I didn't realize that a penny stock is technically any stock that trades for less than $5. I own Groupon (GRPN), and it trades for around $4.50, so I thought, Do I own a penny stock? But GRPN actually debuted at $22 and has just performed terribly ever since. Anyway, penny stocks sound dangerous, but there's plenty of traders who have become very wealthy by guessing right. Read [What Is a Penny Stock?]( Have a great week, everyone! Elizabeth -- Investor Junkie Helping Make Finance Easy [( --------------------------------------------------------------- Disclaimer: By reading this, you agree to all of the following: You understand this to be an expression of opinions and not professional advice. Investor Junkie makes no guarantee or other promise as to any results that may be obtained from using the information provided. You are solely responsible for the use of any content and hold Empowering Media, Inc. and all members and affiliates harmless in any event or claim. If you purchase anything through a link in this email, you should assume that we have an affiliate relationship with the company providing the product or service that you purchase, and that we will be paid in some way. We recommend that you do your own independent research before purchasing anything. Copyright © Empowering Media, Inc. | All Rights Reserved Our mailing address is: Empowering Media, Inc. 2417 Jericho Turnpike #112 Garden City Park, NY 11040-4710 United States ​ [Add us to your address book]( [Unsubscribe](