I recently came across these 2 apps (and a third, robinhood) which let you invest fairly small amounts of money. stash and acorns charge (at least) $1 per month and let you invest a sum as low as $5 per week.
Is it worth it ? If i can only invest $5 per week I'm paying fairly close to 5% in fees. Will I be able to still make a profit or should I save this incredibly low amount in some other (hopefully free) account and invest it myself at some point ?
My situation: I have a total debt to annual income ratio of about 3, which includes a mortgage, car and some smaller debts. So most of my current "investments" are towards lowering debt (I keep maybe $100 cash on hand and make payments with anything over that). So $5 per week is possible, anything higher is probably better spent on lowering debt.