Think Stocks Are Just for the Wealthy? 2 Low-Cost Investments to Look at Right Now
It's a common investing myth that to succeed in the stock market, you need to pump a lot of money into it. Recently, I helped a friend open a brokerage account and start investing with less than $500 because that's all he could afford to part with.
Of course, the more money you put into the stock market, the more opportunity you have to grow wealth -- there's no arguing with that. Investing $500 over 30 years at an average annual 7% return (which is a bit below the stock market's average) will leave you with $3,800 after three decades. Investing $5,000 under those same circumstances will leave you with $38,000.
But if you're low on cash to invest right now, the most important thing you can do is get started. Here are two solid starter options.
Source Fool.com
