I am looking to invest and I only have $100 what is my best bet, names of funds, ways to buy,?

Question

i have looked at share building accounts but i dont understand them, i have been told i want something "low impact" and i was refered to fidielty but i coulod not find what i was looking for. any help will be greatly aprecieated

Answer 1

It's hard to see what you would accomplish with just $100 by itself.  If this is all you have, I would keep it safe down at the bank - savings account.  

Otoh, if you are willing to commit to a long term investment program, another 50 to 100 dollars each & every month, TRowe Price has an asset builder program.

What exactly is it, that you are looking for??  If safe investing, then a savings account is the way to go.  If a long term investment program, using mutual funds, then TRowe Price would be a good choice.

Answer 2

the name of the fund i would suggest is "Savings Account."

you really don't have enough money yet.  commissions would kill you.

plus, most brokers have minimum investments of at least $500, and often more.