Devide $500 to 5 parts and invest 100$ in 5 different new alts just come out to IDEX from "high" rated ICOs on icodrops and trading near ICO price. That coins have big chances to be listed on big Exchanges and make x2-x3 in near future
Dividing $500 to 5 coins was not preferable, why don't you think to find a better altcoins in the ICO which can give 5x to 10 times profit when it will be listed in market. If you have a bigger capital then you can gain a bigger profit. So what's the point you have to divide your money that it will turns out into draw or something you will earn money but lesser or you losing your money that bigger?