How to invest small money?
What is the best way to invest small amount of money regularly?
When you have only a few dollars a month to invest, where can you invest it where it will do the most good? Here are a few ideas for that spare change every month! read more
The important thing is to save rather than spend everything you earn! Stow your loose change in a container, roll it when you have a lot, and deposit it in the bank. Take a set amount each week to transfer into a savings account even if it's only $25. When you have $1,000 (maybe less) buy a solid stock that shows a 4% or higher return and keep it on a reinvest to buy more. Shop for the best deal and make sure any fees are practical for you. Be conservative at first by looking at a company's track record instead of jumping on the popularity wagon.
The best solution when starting out is to dollar cost average into a well balanced mutual fund that has an appropriate mix of stocks & bonds. Preferably in a qualfied tax shelter (IRA/ROTH IRA) if the goal is retirement. Once your portolio grows in excess of 50k it easier to personalize a more specific asset allocation.
Pay extra on any loans that you have. Pay off your debts.
by Christopher Wanamaker 11 years ago
What is the best way to invest money if you are just starting out?
by jharasoriano 13 years ago
I am planning to join to a membership site that offers step-by-step guide in making money online. It costs $35 to join, and it's much for me. Do you have any suggestions or advices? I am already earning online but not that much. I'm just earning between $200 - $300 per month and it's not enough for...
by young inv 15 years ago
Hello everyone , im 18 and am learning to be a carpenter in my second year , I have recently become interested in investing money i have saved into something , i come up with theories at work about why such and such is a great place to invest my money , but before i take a leap , i need to know...
by graceinus 6 years ago
Should churches be allowed to invest the money from donations to be used for investments?Did you know that a lot of money given in the form of "tithing" or "donation" to churches are then used by the churches to invest in stocks, bonds, mutual funds and other investments solely...
by SadieMariee 9 years ago
How can I make $2000 a month passive income with only time to invest?
by manofmystery24 4 years ago
How would you use the money?
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