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How to invest small money?

  1. raja_sangwan profile image47
    raja_sangwanposted 5 years ago

    How to invest small money?

    What is the best way to invest small amount of money regularly?

  2. classicalgeek profile image85
    classicalgeekposted 5 years ago

    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

  3. cat on a soapbox profile image97
    cat on a soapboxposted 5 years ago

    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.

  4. LandmarkWealth profile image76
    LandmarkWealthposted 5 years ago

    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.

  5. tamarawilhite profile image92
    tamarawilhiteposted 5 years ago

    Pay extra on any loans that you have. Pay off your debts.