Personal Development for Smart People Forums - View Single Post - MSN Money article: Start investing with just $100

ahimel · 11-28-2006, 06:36 AM

Si. It's very sound advice, although you can usually start an account for much less than the stated minimum investment -- often as little as $0 -- if you sign up for autopayment to invest on a monthly basis.

Also, as Joan says, don't invest in a plain old individual account until you've maxed out your contribution to a retirement plan -- it creates HUGE tax benefits. If you're in the US and under about 50 years old, your best bet is almost certainly a roth IRA.

Also, see the thread on Managed Funds.

11-28-2006, 06:36 AM	#3 (permalink)
ahimel Senior Member Join Date: Nov 2006 Location: Boulder, Colorado Posts: 398	Si. It's very sound advice, although you can usually start an account for much less than the stated minimum investment -- often as little as $0 -- if you sign up for autopayment to invest on a monthly basis. Also, as Joan says, don't invest in a plain old individual account until you've maxed out your contribution to a retirement plan -- it creates HUGE tax benefits. If you're in the US and under about 50 years old, your best bet is almost certainly a roth IRA. Also, see the thread on Managed Funds.