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Is there any low investments i can start to save money for my future?


my wife and i dont have much extra money right now with our home loan and car loan but i know we need to start saving for the future.is there a small safe investment i can start little by little for long term money?

there are mutual funds with small initial investments. $500 for example. Some even less. That is a good way to start. I have included a link through Yahoo finance showing funds of that nature that are rated better than average by Moringstar. Yahoo sometimes does not provide correct information so you need to use this as a starting point and research a little furture.

Another way is to open an on line brokerage account and buy shares directly in good solid companies that have a good track record and pay dividend that have tended to increase over time, such as BAC, for example. But that is more risky without having at at least 5 and preferably 10 different stocks in your portfolio to reduce the risk of a piece of bad news causing disaster. You also have the option of buying exchange traded index funds. That is an inexpensive method to participate in general market trends. I personally do not like the idea, but a lot of people do.

401K at work. Your employer contributes a certain portion as long as you do. You decide where your money should be invested. Buying stocks are risky unless you know someone that is starting a business and you can buy the first stocks.

stock

What they call ETF's (exchange traded funds).

buy 300 shares of EZM and you will be glad 3 years later

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