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How Much Money Do You Need To Start Investing ?
By Kai | August 3, 2007
That’s always the question.
Often we are looking at this for the first time because our lives have started to even out, bills are getting paid regularly and maintenance has become a standard task rather than an emergency threat. After all the smoke has cleared, we see that there actually is some money left over that could be doing something good for us, instead of just sitting around waiting for the next impulse buy.
There are mutual funds which will let you open an account for as little as $100. So you can start very small and begin to build from there. Diversification is a strategy for investments, so you could put your money in several different funds with good performing potential.
Online stock trading now brings you much closer to investment opportunities as well. It used to be that you needed a broker and to purchase stocks in blocks, investing at least $1,000. Now you can purchase single shares. However, as we will talk about in another topic, with the fees and taxes involved we need to be careful about purchasing small amounts of stock, simply because the fees involve erode away our investments rather than building them up.
Next, let’s see how we can prepare ourselves and keep the worry down as we get ready to invest…
Topics: Basics |
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August 3rd, 2007 at 7:47 am
[…] How Much Money Do You Need To Start Investing ? […]
August 3rd, 2007 at 8:09 am
[…] How Much Money Do You Need To Start Investing ?That?s always the question. Often we are looking at this for the first time because our lives have started to even out, bills are getting paid regularly and maintenance has become a standard task rather than an emergency threat. After all the smoke… […]