Is there an online site where I can start investing in mutual funds, but do not need a minimum amount?

Question

Example: Ameritrade requirs $2,000 to start.

Answer 1

There are some fund companies that have a low minimum entry point provided you are willing to make an automatic contribution of at least $50/month via ACH/EFT (direct debit to your bank account).   One of my favorite is T. Rowe Price.  There are others and you can use Yahoo fund screener to find them.

http://screen.yahoo.com/funds.html

Answer 2

I don't believe Sharebuilder.com requires much of a minimum at all to open an account, use their money market, or to purchase stocks or ETFs.  

Some mutual funds set requirements to begin investing, and it varies by the mutual fund, and sometimes whether the account is an IRA or not.  Check out sharebuilder.com and research the mutual funds.  If you don't have a lot of money set up to invest now, an ETF could be a great option.  You get similar diversification, less capital gains to be taxed (since they track indexes, they rarely have capital gains), and the commission is only $4 for automatic investments.

Answer 3

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Answer 4

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http://www.invest2profit.com

Answer 5

Most brokerage firms will have basic requirements for opening an account.  It is expensive for brokerage firms to open and maintain accounts,

If you know what funds you want to invest in, just contact the fund company and open an account.  

Fund companies will be cheaper and do not have the large requirements of brokerage firms.

Becareful of Sharebuilder, it does not provide all the services of a regular broker/dealer nor do they provide all the products.  

Cheaper is not always better.

Answer 6

If you're interested in IRAs or other retirement accounts, a number of them have much smaller minimum amounts. If you can deposit $200 a month, Fidelity will open one for you. See http://personal.fidelity.com/products/re...

In any case, I'd contact both Fidelity and Vanguard. They're both very good companies.