How to Invest with Little Money: 6 Tips for Beginners
Even large portfolios start as seedlings.
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Before you get started with investing, you’ll want to establish an emergency fund to cover three to six months’ worth of living expenses. A high-yield savings account is a good place to store this cash. Once your emergency fund is in place, there are several low-cost ways to begin your investing journey and start building wealth. These six strategies are geared toward budget-conscious investors.
1. Invest in index funds
For affordable exposure to a diversified range of companies, you can invest in a fund that replicates the performance of a broad market index such as the S&P 500. Index funds hold portfolios of assets that closely match the components of the index…
