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How can I invest in mutual funds by paying in month-by-month rather than lump sum? Can you direct me to a web? |
How can I invest in mutual funds by paying in month-by-month rather than lump sum? Can you direct me to a web? some companies wave the minimum starting balance if you enroll in the monthly automatic payments, troweprice lets you start with just 50 bucks a month Almost all companies Websites. Dollar Cost Averaging. Nearly all mutual companies have this sort of plan. Most banks will allow you to set up a automated monthly contribution to Mutual funds. However, you must atleast have the intial lump sum that the Mutual Fund managers require. This is usually $500 or $1000 for an ameatur invester. Your best bests are RBC Royal Bank in Canada, Bank of America in the USA, and UBS in Europe. Hi: This is a good resource to answer your question. |
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