One of the biggest problems for new investors is the amount needed to start investing.
They often want to get started investing with very little money but find out that it is hard to do this and give up.
The fact is that if you want to invest in stocks, you usually need more money to start with than you need for a mutual fund.
The reason for this is because if you invest with a small amount, a large percent would be eaten up in commissions.
On the other hand you can just keep setting aside money every once in a while until you have enough to make a larger investment.
But if you want to invest in stocks rather than a mutual fund, it is usually necessary for you to have at least around $1500 to start with.
However, if you are a long-term investor, these shouldn’t be a big concern for you because your account should appreciate over time and make up for the larger commissions.
So rather than getting discouraged and giving up on investing, use your patience, grasp the opportunity and…
Start investing in the stock market right now!