Many women don't invest because they think, "What's the use? I don't have enough money to invest!". This couldn't be farther from the
truth. It doesn't take a bunch of money to get started. In this article, I am going to show you how with as little as $25.00 you can start growing you money through the magic of time compounding.
"I only have $25.00 to start with!"There is never a better time than now to get started
investing. When you are low on funds, it is important to start early so you can take advantage of the benefit of time compounding of your money. If your initial investment is $25.00, your best bet is to open
a mutual fund account. You can invest in a mutual fund that doesn't require a minimum initial investment. Also, stick with a no load fund, preferably one with a low management fee. Here are two possible
choices. On the more conservative side -- check out Warburg Pincus Advisor Capital Appreciation (symbol: WCATX). Morningstar rates WCATX as a 5 star (highest rating) fund with a below average risk and a high
return. The average 5 year return is 25%. If you want to shoot for a higher return, you will need to accept more risk. The Alger Capital Appreciation B (symbol: ACAPX) also sports a 5 star rating and a
higher return but has an above average risk profile. The average 5 year return for ACAPX is 34%. You can research these funds through our Quicken Mutual Fund Finder (click here to learn how).
You will want to continually add new dollars to the mutual fund. If possible, place in your budget an amount that you are comfortable with that you can send to your mutual fund every month. Another great tip is
instead of just spending any extra bonuses and overtime you receive, pay your mutual fund first. This little tactic will give you an additional boost to your mutual fund. Over time, your $25.00 you started
with will turn into thousands. The two keys to growing wealth: be consistent and persistent. Remember, it's not what you start with, it's that you get started! |
