Updated: Nov 23, 2019
Common thought is you need to THOUSANDS of dollars saves to get started investing into the stock market.
Which ultimately leaves many of us not to get started investing at all, not take advantage of compound interest, and ultimately lose millions of dollars over the course of our lives.
and WHO CAN BLAME US........
Wall Street has been taking advantage of consumers for years with hidden fees, BS complex strategies who mean nothing in the long run, and by not being transparent with us.
A recent study showed that nearly 1 OUT OF EVERY 5 working Americans aren't saving ANY MONEY for retirement:
Good news is there are now a number of low cost investment managers that you can get started investing in with very little upfront capital:
Three Ways to Get Started Investing with less than 5k
Vanguard Total Stock Market Index Fund (VTSMX)
Expenses: 0.15 percent Turnover: 5 percent Min. Investment: $3,000*
Vanguard Total International Stock Index Fund (VGTSX)
Expenses: 0.18 percent Turnover: 11 percent Min. Investment: $3,000*
2. Wealthfront: For investment accounts the account minimum is 500$
3. Acorns: Takes spare change from your everyday transactions and then invests them into the stock market