The amount of money needed to start investing depends on the type of investment you choose. Many brokerage accounts allow you to start with as little as $100 or even less, especially when buying fractional shares or ETFs. For retirement accounts like IRAs, the minimum can vary depending on the account type and the provider. Some investment vehicles, such as real estate, may require a larger initial investment. However, even small, consistent contributions can grow significantly over time, thanks to the power of compound interest.
*Disclaimer: The content in this post is for informational purposes only. The views expressed are those of the author and may not reflect those of any affiliated organizations. No guarantees are made regarding the accuracy or reliability of the information. Use at your own risk.