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Where to Invest $500 Right Now

TheMotleyFool

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If you have $500 to invest, you might think you're limited to stocks trading below that price, but you would be mistaken. Most brokerages allow you to buy fractional shares of a company. That means you could buy a stock that's trading for $1,000 per share with $500, and you'll get half of one share.

And that's what I'm going to recommend. For those with $500 to invest right now, I suggest a fractional share of e-commerce giant Amazon (NASDAQ: AMZN). It's currently trading at a little over $3,300 per share, so with $500, you would get roughly 0.15 of a share. But there is little to no difference in owning a fractional share of an expensive stock versus a whole share of a cheaper ticker.

Image source: Getty Images.

Source Fool.com

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