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 CWanamaker5 years ago
What is the best way to invest money if you are just starting out?
by manofmystery247 weeks ago
How would you use the money?
by young inv9 years ago
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by Ahmed Haider2 years ago
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by Investor_Teacher7 years ago
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by dosth7867 years ago
hi i want to invest money in any business. which is the good business?
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