Building a Portfolio on $150


We all always hear that it is important to invest, to build a portfolio and diversify our money. But how do you do that if you have no money? I mean like NO MONEY.

I will be doing a weekly series on my journey on my own non professional quest to turn $150 into real money. What is real money, or the end goal, there isn’t one really. Like I just said, I am not a professional, just someone interested in stocks / money / investing. No formal training, no expertise, just a will to build a portfolio and an internet connection.

The plan is to give weekly updates of the stocks I buy and sell, research done, the wins and losses, etc in the hopes that others too can learn from my experiences. I will give an in depth look into my portfolio and the tools that I use to research. Follow my actions if you like but remember:

I’m licensed to drive a car, not to give financial advice.

The Original Plan:

  • Buy and Sell Stocks to turn $ 150 into at least $1000 in a year. Turn that into a lifelong portfolio.
  • I will use the Robinhood App to do my buying and selling.
  • Plan to get at least a 5% return on my investment and sell off at a 10% gain. Exceptions can be made if sales of stock give enough profit to “let it ride” on the “houses money” for a bit.
  • Keep some stocks long term, but sell most of them in the short term.
  • Pick mostly dividend baring stocks, those without dividends sell off ASAP. Use them for quick short term gains.
  • Do not be afraid of High Risk stocks, but also keep low risk stocks for longer term.
  • If stock drops significantly do not be afraid to “double down”. Buying more shares to lower average costs to then make a draw or gain instead of cutting loss directly.

More Explanation:

I came to the conclusion of $150 because that is what I already had in my Robinhood Account. The app is great, I have been using it for about a year. I am not employed or paid directly from Robinhood. If you click the Robinhood links throughout this series you and I both get eligible for FREE stocks. So it would be awesome if you could help us both out and do that 🙂

I use Robinhood because there are no fees for buying and selling stocks. Their free app allows you access to invest in stocks, ETFs, options, and cryptocurrencies, all commission-free, right from your phone or desktop. This allows you to buy cheap stocks and sell them quickly without getting all of your profit eaten up with fees. This is a HUGE advantage for the little guy (say someone with only $150 to invest).

When to Cash Out

My idea behind a minimum of 5% return is to make sure that I make a profit, its larger than what local banks offer, and it allows me to keep an eye and interest on what I am buying. Selling at 10% or at least unloading a majority at 10% is my attempt to get ahead but not get too greedy. It is my opinion currently that things that rise quickly can fall easily and quickly as well. If you can get 10% on any investment for any amount of time, you are ahead of the game in my mind.

Keeping stocks short term because I want to stay involved, make sure that I stay in my 5%-10% yield goals. There are some stocks that I look to acquire and keep long term, but I plan to do that more on more expensive stocks that require me to make a series of quicker flips to acquire money to let sit there.

Dividends because why not.

I never buy a stock that doesn’t pay a DIVIDEND. If a company can’t give back a piece of its profits, it’s worthless.

-Kevin O’leary

Dividends are usually a great way to maximize your investment and get a quarterly kickback. Like the quote says, you help invest in a company so they can gain more money. Why shouldn’t they pass it around?

As for not shying away from risk, that doesn’t mean I am not going to look for ways to balance it. More about that later.

I thank you for showing interest in my journey and hope that you can also reach your goals in building a portfolio that is right for you!

If I can answer any questions, just ask!


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