Jump to content


Ravenous Wolf

Recommended Posts

Within a short amount of time, I hope to be past many of my debt issues in which I will actually start having a little bit of extra cash in my pocket after each pay day.

I can forsee that I will only be able to save a little bit of cash each month, like $75 or $100. And I know that is pretty much my limit.

I know savings accounts pay so little interest but I am wondering if that is the best path (or the only path) to pursue since I can only contribute so little for the next year or two.

Link to comment
Share on other sites

Two ways to go:

1) Set up an automatic transfer to a savings account at the same institution you have your checking (or if you're really tempted, at a DIFFERENT institution). Because your balances are going to be low, you'd need to put it in a credit union account for the best interest rate return.


2) ShareBuilder! ShareBuilder is a way for novice investors to start a small investment fund in different stock and bonds available in the marketplace today. For only $4 per transaction, you can be a stockholder in the company that you choose. It can be set up as a IRA account, College or Educational savings account for a minor - all kinds of ways.


Link to comment
Share on other sites

Is sharebuilder really beneficial for someone like me who can only contribute like $75 or $100 a month?

I don't have the thousands available like other people have to invest in the stock market, although I don't mind the risk involved.

I would very much like to do something like investing in stocks but I always thought that I needed to have a lot more liquid cash.

Link to comment
Share on other sites

Check out the site.

It's actually designed for someone who can contribute a MINIMUM of $25 per transaction.

It could be interesting to mess around with.

What is ShareBuilder?

ShareBuilder is a simple, flexible, and affordable way to build wealth through long-term investing. Using ShareBuilder, you can make regular automatic investments in stocks, index funds and closed-end bond funds. There are no account minimums and we don't have inactivity fees!

ShareBuilder is Simple.

Creating a ShareBuilder Plan is easy. Choose which stocks you'd like to invest in, how much you'd like to invest on a weekly or monthly basis, then simply select how you'd like to fund your account. That's it!

ShareBuilder is Flexible.

Allocate a fixed dollar amount to invest each month in a ShareBuilder Plan, or make a one-time purchase when it fits your budget. You can change securities or investment amounts any time.

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.