5 Best Places To Invest and Get Daily Returns
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Looking to invest and get daily returns?
Well, listen to this…
There is a very simple formula to become financially free, it is to save as much as you can and then invest that money in income-producing assets to live on without depending on income from employment.
Now there are many ways to save money and cut costs but the place where I see most people get tripped up is investing their money.
You can stop eating out so much to save money and you can find simple ways to save money.
But…
Investing can be confusing and you might not be sure where is a safe place to invest your money.
So, I put together this list of the best places to invest and get daily returns! This means your money will grow daily instead of annually or monthly.
I personally use these companies for my daily return investment plan so I highly recommend them but just know that I am not providing financial advice in any way.
If you are asking, “Where to invest money to get good returns?” then you need to check out these5 best places to invest and get daily returns.
Now let’s learn how to invest and make money daily…
How To Invest and Make Money Daily?
The best way to invest and earn daily is to use the power of the stock market as you will see in this post.
You can also invest and earn money daily using cryptocurrencies but only invest what you can afford to lose in crypto!
Here are some awesome deals you can use to invest and earn daily:
Sign up to Robinhood to get a free stock!
Invest $100 in Coinbase to get $10 of Bitcoin for free.
Use Wealthfront to invest and get $5,000 managed for free!
Bonus:
Check out Webull where you can also get a free stock for simply signing up with my link!
Now let’s dig deeper into these awesome investing opportunities as well as some other ways to invest money online and earn daily!
Invest And Make Money With Robinhood
Robinhood is an app that allows you to invest in individual stocks for absolutely free!
Before you continue reading, please note that Robinhood is only available for U.S citizens at the time.
You need to know that the stock market is the best place to invest and get daily returns and Robinhood lets you buy stocks with zero commission costs.
So, if you want to get your feet wet in investing in individual stocks then I highly recommend starting with Robinhood.
The bad thing about Robinhood is that at this time they only exist as an app, there is no web platform to use.
If you are a beginner investor then I say go with Robinhood because you won’t need all the bells and whistles other investing apps have like Etrade or Charles Schwab.
In fact, I think everybody can use Robinhood to invest and get daily returns due to the fact that it is free to buy and sell stocks!
For example, let’s say that Apple’s earnings report is coming up and you have insight (not insider trading information) that they are going to report strong earnings and profits.
You then hop onto Robinhood and buy an Apple stock or a few (you baller!) and then earnings come out and the stock rises 5%.
Now, you didn’t make this 5% on your money until you sell the stock and on Robinhood, you can do this for free!
I believe that out of all the companies on this list Robinhood is the best place to invest and get daily returns because stocks rise and fall every day so you can possibly make a lot of money by buying low and selling high every day.
Now I said possibly because we are getting into trading and this is really dangerous land my friend. According to Tradeciety, 80% of day traders quit within two years!
Yup this is a scary statistic, while some stocks rise others fall and by trading, you are basically gambling.
Now, of course, there are some people who get filthy rich by day trading but it’s rare.
So, use Robinhood to invest money and earn daily. It’s one of the best online investment platforms that pays daily!
Sign up for your free Robinhood account and when you sign up with my link you will get a free stock!
Make Money Daily With Wealthfront
Wealthfront is a robo-advisor that makes it really easy to invest in index funds and they handle the allocations based on your risk tolerance and they rebalance your portfolio for you.
Like Robinhood, Wealthfront is only available to U.S citizens at this time.
Other investment companies like Vanguard can be a bit confusing for beginner investors so I recommend you start with Wealthfront, which makes it super easy to invest in the stock market.
Also, they only require $500 to invest and if you sign up with my link you get your first $5,000 managed for free!
If you want an investment with low fees and truly passive nature, look no further than Wealthfront to invest and get daily profits.
The great thing about Wealthfront is that their computers do all the work for you so you can invest money and earn daily
Wealthfront also uses strategic trading algorithms to lower your taxes!
They offer retirement accounts as well as 529 accounts for more targeted and efficient investing accounts.
Wealthfront offers beginners an easy way to invest in the stock market and remember that if you sign up with my link, you will get your first $5,000 managed for free!
Grow Your Money With CIT Bank
Okay, I kind of cheated here because CIT Bank is usually used for a savings account but they also offer CDs that offer a bit higher interest than their savings account.
CIT Bank is only available to U.S citizens at this time.
I know what you are thinking, “Why the heck is a bank on this list?”
Well, CIT Bank has one of the highest interest rates for savings accounts in the industry and they offer high-interest CDs to lock away your money for a set period of time.
So, if you are looking for a very safe way to make your money grow then consider opening a CIT Bank savings account to take advantage of one of the highest interest rates you can get!
While most big banks offer around .01% interest on your savings account with a CIT Bank savings account you can get over 2% interest on your money!
Also, if you choose to open a CIT Bank Savings account your money will be compounded daily!
CIT Bank is definitely one of the best places to save money since you can get over a 1 percent daily return!
Let’s do a little math to see how this works so stick with me…
First, you need to know that to open an account with CIT Bank requires a minimum of $100 (which is not a lot at all) and you need to invest at least $100 a month to keep the high-interest rate (or have at least a 25k account balance).
To make it easy I used an interest rate calculator which you can find here.
At the time of writing this, CIT Bank offers a 2.15% interest rate (the rate can differ depending on when you’re reading this).
So I put in a 2.15% interest rate with an initial $100 amount, a monthly deposit of $100, over a ten-year period and compounded daily.
These are the results for compounded daily:
Now if we switch the calculator to compound yearly, these are the results:
As you can see, over ten years you will earn $16.17 more by compounding daily versus compounding yearly.
I’m not expecting your jaw to drop by these numbers but hey more money is more money!
The real difference comes in when we compare CIT Bank to the big banks…
For example, Chase has a savings account that offers a whopping 0.01% interest rate, so let’s plug this into the calculator.
These are the results of daily compounded interest in a Chase savings account.
So by just storing your money in CIT Bank versus a big bank like Chase you can earn more than $1,400 in interest!
Yup, that should make your jaws drop!
So, you can see why CIT Bank is one of the best places to save money.
Also, if you are worried about your money being safe, don’t worry because CIT Bank is a member of FDIC which means your money is insured up to $250,000.
Open your CIT Bank Saving account here and basically invest and get daily returns!
I know they are not an investment brokerage but they can be a great addition to your daily return investment plan.
Start Investing With Vanguard
Vanguard is one of the best companies to invest your money in for the long term!
“Wait, hold up, isn’t this list about places to invest and get daily returns, not long-term investing?”
Yes, but as we went over already, by just being in the stock market you are earning daily returns on your money.
The thing is that these returns are realized until you sell your stocks.
So, let’s say you use Robinhood to invest in companies you believe in but you want to be more diversified and invest for the long term, this is where Vanguard comes in.
Vanguard allows you to invest in index funds which are low-cost funds that just match the market.
This means that you just invest in the market instead of worrying about picking individual stocks.
I recommend having most of your money in index funds so you can make sure your portfolio is well diversified!
With Vanguard you can also open up retirement accounts where you get tax breaks while you invest and get daily returns! They also offer 529 plans for college savings.
Sign up for Vanguard to invest money and earn daily.
I have to mention that the one downside to Vanguard is that most of their index funds require a minimum of $3,000 to invest.
You can always invest in their ETFs but you lose out on automatic investing.
So I recommend investing in a Vanguard index fund when you have $3,000 to invest. For long-term investing, Vanguard is the best place to invest money now.
If you want to add cryptocurrencies to your daily return investment plan then let’s get into the next place to invest and get daily returns.
Invest In Crypto With Coinbase
If you really want to know how to invest and make money daily, this is the place to be but please proceed with caution.
Coinbase is a company that allows you to invest in cryptocurrencies. So they are a bit different than the other companies on this list but with cryptocurrencies, you can invest and get daily returns!
I highly recommend checking out Coinbase since it’s one of the best online investment platforms that pays daily!
Now, some of you might never want to invest in cryptocurrencies and that is perfectly fine but there are some that might want to invest in this up-and-coming technology.
Just know that cryptocurrency is still in its infancy and nobody really knows where cryptocurrencies will end up or which coin will reign king.
So, yes it is a high-risk investment but with high risk comes high reward. It’s not uncommon for a 10% daily profit in the crypto market but there can also be 10% daily losses as well!
In the stock market, these kinds of swings daily will cause complete chaos.
If you want to invest some of your money in cryptocurrency then definitely go with Coinbase, while there are other crypto brokers out there, Coinbase is one of the most secure and trustworthy ones to invest money and earn daily.
Plus, if you sign up with my Coinbase link you will get $10 of Bitcoin for free when you spend $100 or more buying Bitcoin. This is an awesome deal!
If you are interested in cryptocurrency I recommend only investing a small amount of money and making sure it is money that you can afford to lose for good.
Of course, losing any amount of money sucks.
But…
Just make sure that losing this money will not affect your life negatively.
So, if you want to start investing in cryptocurrency sign up to Coinbase with my link and get $10 of Bitcoin!
Bonus – Webull
Another awesome investing service you can use to invest money online and earn daily is Webull!
Available to U.S, Indian, and Chinese Citizens at this time.
Webull is an awesome investing platform that offers a website and mobile app that you can use for your daily investment plans.
And get this…
When you sign up to Webull with my link you will get a free stock! You can get a stock valued at up to $250 for free!
Yes, just like Robinhood but Webull takes it one step further…
After you sign up to Webull and claim your first free stock you can deposit any amount to Webull from your bank and then get another free stock valued up to $1,400!
As you can see from the image above it’s a limited offer that’s not going to last and I highly recommend jumping on this offer.
Signing up is completely free which will get you one free stock and you can deposit as little as $1 to get you your second free stock!
With Webull you can easily invest $10 and earn daily!
What makes Webull so great is that they have an app and a website (unlike Robinhood), they have advanced analysis tools, you can invest in ETFs, and you can open an IRA account.
Plus, you can buy and sell stocks/ETFs commission-free on Webull and there are no deposit minimums!
Although Webull targets U.S citizens their platform is available in India and China as well. So, if you are a Chinese, Indian, or U.S citizen I highly recommend signing up for a free Webull account.
Remember, you get a free stock if you do so!
With all the features Webull offers it is definitely giving Robinhood a run but since both are free and both give you a free stock then why not sign up to both and try them out?
Webull is an awesome investing service and highly recommend checking it out. Sign up for your free Webull account here!
Conclusion
These are the 5 best places to invest and get daily returns!
You should know that by investing in all of these companies with the exception of CIT Bank, you are taking a risk with your money.
The stock market has an average return of about 10% over the long term but we all know that past performance does not determine future results.
The stock market does show us that over the long term you will grow your money, so if you invest in the stock market, specifically index funds then make sure you can stay in for at least 10 years without touching the money.
So, if you want to know how to invest and make money daily, then…
My recommended daily return investment plan is this:
If you need your money within the next 5 years then place this money in a high yield saving account like one from CIT Bank or you can invest in one of their CDs and lock away your money for a set period of time to gain a higher interest rate.
For the money that you can let grow for at least 10 years without touching it, put this money in index funds and let it grow for years to come. You can dollar cost average your money in.
I recommend investing in index funds with Vanguard but they have a pretty high minimum for most people, so start with Wealthfront and remember, if you sign up with my link you will get your first $5,000 managed for free!
To learn more about index funds check out my post on the best reasons to invest in index funds.
If you want to invest in individual stocks then definitely use Robinhood or Webull to buy and sell stocks for free!
I do recommend taking it easy at the beginning though. Don’t get carried away with constantly buying and selling stocks because you are essentially becoming a trader and as we went over earlier, 80% of day traders quit within two years.
Also, when you sign up for Robinhood and Webull you will get a stock for free on each platform!
Last but not least, if you want to test the waters with cryptocurrency then use Coinbase to invest and get daily profits. As I said before, only invest money that you can afford to lose!
Coinbase is a great way to invest and get daily returns but just know that cryptocurrencies are highly speculative investments and while the technology is here to stay, nobody knows which coin is the best investment.
Remember, if you sign up for Coinbase with my link you will get $10 of Bitcoin for free!
If you would like to know how to invest $10 and earn money then check out my post on the 9 top investing apps for beginners.
Did you like this post? If so, then I recommend checking out my posts on Seasonal Investing: What It Is & How It Works and How To Invest In A Bear Market (6 Best Methods).
Do you have any other places in mind to invest and get daily returns? Where is your favorite place to invest and earn daily?
Just a reminder, all points in this post are my opinions gathered from research. I have recommended products to use but these are based on my preference and should not be misconstrued as financial advice. If you have any questions regarding your investments please seek a financial advisor.
I love your different investment information nuggets under your savbly webpage.But my challenges to pertake in this unveilled investment company information is that they only want U.S Citizens,And some want Chinese and Indians. But me writing u here is a Nigerian from NIGERIA, African person to be precise,is there any reputable investment u can also share to Nigerian or africans to invest in to earn daily profit ROI on their investment?
Hello Temidire, thanks for reading! You are right, these investment platforms are geared towards U.S Citizens as I am a U.S Citizen and I know these platforms are trustworthy. I am not too familiar with investment platforms in Nigeria but some platforms that are worth checking out are Conectivest, Afrinvest, and Wealth.ng. Make sure you look into each of these platforms to see if they are right for you.
A nice article. Thanks for sharing!
Thank you for reading!
The most discouraging of this write up is how most of the investment is limited to certain countries
Hey Samuel, thanks for reading and commenting! Well, since I reside in the U.S and I am familiar with U.S investment platforms, that is what this list is composed of. I am sure there are many great investment platforms in other countries but I don’t have any experience with them so I really can’t recommend them or review them.
Hi Mike,
Come across you financial blog best to invest platform. Mike your blog is the i read so far. It is best explained simple structure and I understood. Especially for someone like me who is trying to seek out this new platform in the investing world. But unlike some of the readers on here, I too was looking forward to see what’s would be said about the Uk which I didn’t. So is there anything you can share from this side of the pond any idea..?
Hey Suzette, thanks for reading! I mostly cover topics for U.S residents since I don’t have much expertise on services outside of the U.S but for the U.K some great investment platforms I know of are Vanguard, eToro, IG, and Interactive Brokers.
Thanks for sharing.
I saw the investment options and tried researching on some but i saw they are only open to US citizens. How can i invest in the US without being there physically.
Thank you.
Hey Queen, thanks for reading! Yes, most of the investment options I write about are only open to U.S citizens since I reside in the U.S and have experience with U.S investment platforms. You can invest in U.S companies by signing up for an investment account that works in your country. Let me know if you have any further questions. All the best!
thanks for sharing such good information .
Thank you for reading and commenting!