Keep Investment Amounts Small

 

Rains said even small amounts matter — so there’s no need to wait until you have a big cash stash to invest. “Buy a mutual fund with a low minimum, no load and no transaction fee; set up automatic purchases or just invest random amounts whenever you have extra money,” Rains said. “Schwab has index mutual funds with minimum initial investments as low as $100. After that, you can invest just $1.”

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