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Can anyone direct me to a mutual fund the only requires, a small investment [on none at all] each month 50 +? |
maybe 50 or a 100 bucks,im 50 y/o and must get sum kind of game going, and yes as u predicted I have limited resorces If I understand your question correctly, you want to be able to invest $50 a month in a mutual fund. If so I think you are in better luck than you thought. T Rowe Price, a fine mutual fund company, has a plan for people like yourself. It is called systematic purchase plan. The minimum just happens to be $50 a month. Here is a link to read about it and also the phone number to call. OK - A couple of things the Initial Investment might be bigger than your monthly investment. There are many. Someone already gave you 1 good one. There are many mutual funds that you don't need an initial deposit to open and can be added to automatically every month. The initial monthly deposit acts as the opening deposit. The minimum you can do monthly is $50. Please read my profile and send me an email I will recommend several to you. |
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