If you had $100/month to invest/save/make grow, what would you do?

Question

Assuming no major initial capital, just $500 to start and add on $100 a month thereafter.....what would you do to maximize the growth of your money?

Answer 1

READ: The Bogleheads' Guide to Investing: Taylor Larimore, Mel Lindauer, Michael LeBoeuf, John C. Bogle

Unless you are an experienced investor, I would caution against individual stocks and get rich quick schemes. Reduce your risk and

check out Vanguard ( http://www.vanguard.com )

Now is an excellent time to put your money to work. Spread the risk by investing in a mutual fund (Vanguard's STAR is a fund of funds-a fund which buys shares in other funds-and therefore carries a lower risk) . It is comprised of 65% stocks and 35% bonds.

Make sure any high interest loans/credit cards are paid off and you have 2-3 months emergency cash before investing.

Vanguard is a low cost, no load mutual fund company. There are others; I have been with them for 30 years and retired early. Your results may vary.

Read the "Planning and Education" tab if you visti their website.

Good luck

Answer 2

I'd invest it in a mutual fund ... something that, preferrably, was no load if the maintenance expenses were low  And something diversified ... like maybe a balanced fund.

Answer 3

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Answer 4

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Answer 5

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