| The recession is no excuse not to seek answers | | | | Now, if you have a few hundred bucks squirreled |
| regarding where to invest money. Since the economy | | | | away, you can set your sights on an index fund. |
| is down, it has nowhere else to go but up, hopefully | | | | Basically, you will have the same results as when you |
| sooner than later. But while waiting for the economy | | | | invested in the stock market although with one |
| to go up, you should start looking at the places and | | | | convenient difference - you will not go through the |
| ways to invest your money. | | | | hassles of choosing individual stocks. |
| Yes, even if it is just $20 stashed in a tin cookie jar. | | | | Go for the stock market index of the three most |
| You never know if your $20 today will grow to | | | | reliable stock exchanges just to be on the safe side, |
| become $20,000 in a few years' time unless and until | | | | which means that you can gain a 10 percent return |
| you try. With that being said, here are the places to | | | | on investment on a yearly basis. These stock indexes |
| invest your money in depending on its amount. | | | | are the Dow Jones Industrial Index, the NASDAQ |
| Don't underestimate the power of your $20 to start | | | | Composite Index and the S&P 500. |
| an impressive investment portfolio. You can start by | | | | You may also look into a discount brokerage account |
| looking into Dividend Reinvestment Plans (DRP) and | | | | if you want to try your hands in the stock market in |
| Direct Stock Purchase Plans (DSP), both of which | | | | a more direct way. Just make sure that you have |
| allow for direct purchase of shares of stocks from | | | | acquired the self-education necessary to make it in |
| the issuing company and/or their authorized agents. | | | | stocks investing lest your $500 goes down the drain. |
| This way, you avoid the commissions of | | | | If you have more spare money than $500, diversify |
| stockbrokers. | | | | into your retirement fund. Just continue to add to |
| You might be wondering where to invest money in | | | | your IRA until such time that it is sufficient for your |
| these DRP and DSP vehicles. Well, you have literally | | | | retirement. Plus, you still have your shares of stocks |
| more than a thousand companies to look into. Most | | | | and index funds waiting for you. |
| of these companies allow for investments for as little | | | | The answers to your question of where to invest |
| as $20 deducted from your salary or through direct | | | | money vary from savings accounts to shares of |
| payments. Think of it as building your investment | | | | stocks to retirement funds. So start saving every |
| portfolio on an installment basis but without the | | | | dime that comes your way until you save $20 to |
| additional charges. | | | | start your investment portfolio. |