how much money to invest?

Question

ow much mone I have to have to start investing?
practical & specific answer if possible please.
thanx

Answer 1

most of the discount brokers want you to have $2000 to open an account. If you just want to open accounts with mutual funds you can start with some of them directly with $250 and they'll do automatic deductions from your checking account for you.

Answer 2

You can start investing in a bank account with as little as $100 and you need $ 1 million to invest in a home. What are you looking at?

You need to have an idea of the amount of money you need to get along for your whole life. If you need $ 50,000 per annum then you need to have 20 times that amount in your bank account which will earn 5% interest p.a. If you have $ 1 million in your bank then it will generate $ 50,000 p.a as interest.

If you are looking to earn about 15% from the stock market and grow your present savings to $ 1 million then you need to start investing at the rate of $ 10,000 p.a for 20 years at 15% compounded rate of return. Your investments will grow to $ 1 million.

Answer 3

If you go the automatic monthly contribution route, then you can start investing with as little as $100 as long as you provide a bank account for automatic withdraws. This would apply to either direct mutual fund investments or stock drip accounts ( such as sharebuilder.com)

If you are asking about a one time purchase of stocks or bonds through a broker, then $1000 tends to be a common minimum for the cheap on-line brokers.

Answer 4

If you borrow 100% of your capital to invest, then you have just invested $0.

Answer 5

Investing in what?

Shares, property, bonds

Answer 6

if you have credit card debts/balances, that's a good start to pay it off. That's your instant rate of return right there - 10-20%

Answer 7

Depends on what you're investing...stocks,businesses, insurances etc