I want to invest in my future with mutual funds and stocks, but....?

I can only invest about $100.00 a month, but I can't figure out what else to do to invest in my future. I am so sick of being broke.... Please advise me?

You would have to start a savings account first until you save the minimum required to open a mutual fund. After that you can add to the fund monthly.

ask some advise from insurance adviser they got some low profit high payout Policy.

Not a financial adivsor but you are off to a great start.

I'd head over to www.fool.com with your question.

One thing to start doing though. If you aren't 100% debt free (not counting student loans, or a mortgage) pay those off first with your $100/month.

First off, its important to realize that investing in stocks or mutual funs won't make you tons of money over night, so you'll still have to stay broke for a while.

100 a month may not seem like much, but if you invest smartly, it can work. Gains will be small, but will grow exponentially if done right and proper research is done.

My e-mail is: joseph_poma@yahoo.com

you can e-mail me if your interested in stocks, i do a lot of research on them and am in the same boat as you having minimal funds.

Find a company that will allow you to start up a Roth IRA for $100 per month. Search the web.

You could just save up the $100 per month in your bank account until you get to $3000, enough to open an IRA with almost any firm. In this way, you will gain the discipline needed for a lifetime of investing. Just think of it this way: if you can learn to save up 3 grand and not spend it, you have taken your first major step towards building wealth. Building wealth has nothing to do with income or intelligence. It is discipline that makes you wealthy. Good luck.

Here's my free eBook if you want more help for retirement investing: http://www.invest-for-retirement.com

If you're broke, investing should be done very, very prudently. Invest in yourself first - once you have a stable job that pays enough that you can make financially significant contributions to your investments, do so. Until then, take that 100 dollars and sock it away in a low risk mutual or index fund, or perhaps a CD, if you can find a good rate. Keep your risk low as long as your investments make up a large percentage of your holdings.

It's true you need a certain amount of money to do anything interesting.

My suggestion is to have a standing order that every month $100 is deducted to go into e.g. your personal choice of mutual fund.

Alternatively, you can learn to trade. Put the money into your education and then start. Investment = Risk

Your mutual fund can lose your money just as well as you.


While you are learning:
Start your trading account. Save $100 every two months.
Set up a bank account especially for your trading money and have a standing order with your bank so that this money comes out every second month or every month.

Meanwhile you are reading books and doing courses to become better informed. Here is a link to start you off.

First, open a 401(k) account if your employer offers one. Many employers offering 401(k) accounts also match the amount of your contributions, up to a limit. This match is really valuable if you are eligible for it.

If you don't have access to a 401(k), you can probably open an IRA with a mutual fund company like Vanguard or maybe Fidelity with an amount like $100 a month, if you also agree to have the money automatically transferred from your checking account into the retirement account each month. An arrangement where your savings go automatically into a retirement account is a very good way to save, because you don't have to do anything to make your wealth grow. Open a Roth IRA if you're in your 20's or 30's. A traditional IRA may be better if you're older.

One of the easiest types of mutual funds to invest in is called a lifecycle or target date fund. These funds are designed for retirement saving and are managed by professional money managers, who allocate your savings into a diversified portfolio. You don't have to do the investment strategizing.

More information about these subjects is on the webpages listed below.

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