How To Invest When You Have Little Money
Money For the Rest of Us
J. David Stein
4.5 • 1.4K Ratings
🗓️ 26 September 2018
⏱️ 31 minutes
🧾️ Download transcript
Summary
#223 How commission free ETFs, mobile apps and zero fee index funds make it easier to invest if you have little money. What are some examples of commission fee ETFs and funds for Vanguard, Fidelity, Robinhood and TD Ameritrade. Thanks to Blinkist for sponsoring this episode.
For show notes and more information on this episode click here.
Episode Chronology
- [0:14] Here’s how to invest when you have little money
- [4:26] How do brokerage firms make money if they don’t charge commissions?
- [11:37] What happens to investments if a brokerage firm goes bankrupt?</li>
- [18:14] Thoughts on investing with a very simple portfolio
- [27:35] A lack of money is no excuse to not invest
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Transcript
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| 0:00.0 | Welcome to Money for the rest of us. This is a personal finance show. It's on Money. |
| 0:06.1 | How it works, how to invest it, and how to live without worrying about it. |
| 0:10.0 | I'm your host David Stein. Today is episode 223. It's titled How to Invest |
| 0:15.6 | when you have very little money. I recently got an email from a listener who wrote, |
| 0:25.0 | My portfolio is very, very small and worth only a few hundred dollars. |
| 0:31.8 | I plan on saving a higher percentage of my paycheck to put towards investments but I can't |
| 0:36.1 | help but wonder if it will be enough to make much of a difference. I have an account |
| 0:41.6 | with TD Ameritrade but I don't have enough capital to really do very much |
| 0:46.3 | with it. |
| 0:47.9 | How can someone who is starting very small either maximize the usefulness of what little resources they have or acquire more capital |
| 0:56.7 | to make investing easier. |
| 1:02.4 | Today is really, there's never been a better time to be an investor. |
| 1:08.0 | There are so many very low fee options that take very very little money to get started. |
| 1:18.9 | In this episode we'll explore some of those options and later in the episode I will give some portfolio examples with |
| 1:27.2 | specific EDFs and funds that you can use based on where your account is. |
| 1:36.1 | Now what are the options when you have very little money? |
| 1:39.8 | The, what ends up being a relatively large fee when in the scheme of things is commissions. |
| 1:51.0 | So when I bought one of my first investments, a long time ago, probably in the 90s I guess, |
| 2:00.0 | the... I probably paid a commission of upwards of $40. |
| 2:06.4 | And as a percent of what I owned, |
| 2:10.7 | or in terms of the investment I made, |
| 2:12.0 | that would be a very large percent. |
... |
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