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 manofmystery24 8 days ago
How would you use the money?
by CWanamaker 6 years ago
What is the best way to invest money if you are just starting out?
by Investor_Teacher 8 years ago
What's the best way to invest in the stock market - and have you made any money that way?
by young inv 9 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 5pow 7 years ago
What is the best way for wealth creation?
by salt 8 years ago
If you had a spare $1000 what would you invest it in to make money.
|HubPages Device ID|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Google Analytics|
|HubPages Traffic Pixel|
|Google Hosted Libraries|
|Google AdSense Host API|
|Conversion Tracking Pixels|
|Author Google Analytics|
|Amazon Tracking Pixel|