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Initial minimum investment - mutual funds? |
Is T Rowe Price the only no-load mutual fund left, to let you begin without putting up their initial minimum amount of $2,500 by letting them systematically taking money from one's checking account? No, there are a large number of funds that have extremely low minimums if you are starting an automatic deposit program, in fact there are too many to list here. But a few examples: there are probably others - look for magazines that annually review mutual funds or google - "low monthly investment mutual fund" or something like that Look this and after tell me what do you think: www.finanzasforex.com/colfab60 most all of the mutual fund companies will let you get started with as little as $50.00 a month if you set up an account to automatically invest at least that amount directly from a checking account into your mutual fund account. Definition of Mutual Funds: You should know the meaning of mutual funds, before you choose to invest in mutual funds. These funds are a type of security that can be traded on the stock market, allowing shareholders to buy and sell shares in the funds. The revenue generated by purchase of shares is used by mutual fund manager to buy more shares of specific stocks, bonds, and other market securities and money market instruments. |
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