Looking to invest and get daily returns?
Well, listen to this…
There is a straightforward formula to become financially free: 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 find simple ways to save money.
Investing can be confusing, and you might not be sure where is a safe place to invest your money.
So, I compiled this list of the best places to invest and make money! 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 know that I am not providing financial advice in any way.
If you ask, “Where to invest money to get good returns?” you must check out these places to invest your money.
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 incredible 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!
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 fantastic investing opportunities and other ways to earn money online daily!
Invest And Make Money With Robinhood
Robinhood is an app that allows you to invest in individual stocks for 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 your money to get high 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, I highly recommend starting with Robinhood.
If you are a beginner investor, I say go with Robinhood because you won’t need all the bells and whistles other investing apps have, like E-trade or Charles Schwab.
In fact, I think everybody can use Robinhood to invest and get returns since 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 will report strong earnings and profits.
You then hop onto Robinhood and buy an Apple stock or a few (you baller!), 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 your money because stocks rise and fall every day, so you can make a lot of money by buying low and selling high every day.
I said, possibly because we are getting into trading, and this is a dangerous land, my friend. According to Tradeciety, 80% of day traders quit within two years!
Yes, this is a scary statistic; while some stocks rise, others fall, and by trading, you are basically gambling.
Of course, some people 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 easy to invest in index funds; they handle the allocations based on your risk tolerance and 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. Hence, 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 a genuinely 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 and 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 cheated here because CIT Bank is usually used for a savings account, but they also offer CDs with a bit higher interest than their savings account.
CIT Bank is only available to U.S. citizens at this time.
I know what you think: “Why the heck is a bank on this list?”
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 time.
So, if you are looking for a safe way to make your money grow, 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 one of the best places to save money since you can get over a 1 percent daily return!
Let’s do some math to see how this works, so stick with me…
First, you need to know that opening 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.
When 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, you will earn $16.17 more over ten years 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 when we compare CIT Bank to the big banks…
For example, Chase has a savings account 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 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 for up to $250,000.
Open your CIT Bank Saving account here and make money by getting interest on your savings!
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, you are earning daily returns on your money by just being in the stock market.
The thing is that these returns are realized until you sell your stocks.
Vanguard allows you to invest in index funds, which are low-cost funds that match the market.
This means you 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 investing and getting 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 lose out on automatic investing.
So, I recommend investing in a Vanguard index fund when you have $3,000. 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 your money.
Invest In Crypto With Coinbase
If you want to know how to invest and make money daily, this is the place to be, but please proceed cautiously.
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 pay daily!
Now, some of you might never want to invest in cryptocurrencies, which is perfectly fine, but some might want to invest in this up-and-coming technology.
Just know that cryptocurrency is still in its infancy, and nobody 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!
In the stock market, these kinds of swings daily will cause complete chaos.
If you want to invest some of your money in cryptocurrency, 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 ensuring it is money you can afford to lose for good.
Of course, losing any amount of money sucks.
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 excellent investing service you can use to invest money online and earn daily is Webull!
Available in the U.S., India, China, Singapore, Japan, and Australia.
Webull is a fantastic 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 signing up to Webull and claiming your first free stock, you can deposit any amount to Webull from your bank and get another free stock valued up to $1,400!
As you can see from the image above, it’s a limited offer that won’t 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 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, with no deposit minimums!
Although Webull targets U.S. citizens, its platform is also available in India, China, Singapore, Japan, and Australia. So, if you are a citizen of any of these countries, 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 giving Robinhood a run, but since both are free and give you a free stock, why not sign up for both and try them out?
Webull is a superb investing service, and I highly recommend checking it out. Sign up for your free Webull account here!
These are the five best places to invest and get daily returns!
You should know that by investing in all of these companies, except for 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 ten 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 five years, place it in a high-yield savings account like one from CIT Bank, or you can invest in one of their CDs and lock away your money for a set period to gain a higher interest rate.
For the money, you can let it grow for at least ten years without touching it, put it in index funds, and let it rise for years to come. You can dollar cost average your cash 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, use Robinhood or Webull to buy and sell stocks for free!
I do recommend taking it easy at the beginning, though. Please 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.
Last but not least, if you want to test the waters with cryptocurrency, use Coinbase to invest and get daily profits. As I said, only invest money you can afford to lose!
Coinbase is a great way to invest to make money, but cryptocurrencies are highly speculative. 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 want to know how to invest $10 and earn money, check out my post on the 9 top investing apps for beginners.
Do you have other places to invest your money to 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, but these are based on my preference and should not be misconstrued as financial advice. If you have any investment questions, please seek a financial advisor.