History has shown the stock market remains the country’s greatest engine for building wealth over time. Yet, many individuals feel it requires significant amounts of money to start investing. Well, you may be surprised to learn this is not always the case.
How many times have you said to yourself, "I can't save now - I have to wait until I have the money before I can start saving for my retirement"?
You may be surprised to learn that it doesn't take a lot to get started. In fact, some mutual funds will allow you to start investing with as little as $50 a month if you sign up for an automatic investment plan.
And the best part, it's easy!! Every month, money is automatically transferred from your bank account or paycheck (you decide) to your investment account. There's no writing checks, no addressing envelopes — you just set it up once and you're done.
By automatically investing on a regular basis, you pay yourself first and start an important and rewarding habit that can help you save for your first house, your child's education or your retirement. The key is to get started today.
Principal value and investment returns will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. A periodic investment plan does not assure a profit or protect against loss in declining markets. Please read a mutual fund's prospectus carefully before investing.
This information in the Financial Tips section is provided for educational purposes only and is not tax, legal, financial planning or investment advice. Neither the information nor any opinion expressed in this section constitutes an offer to buy or sell any securities or advisory products. The information provided is general and is not information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security. You should not regard this information as a substitute for the exercise of your own judgment. Investing involves risk.