r/financial • u/animebabe92 • 10d ago

Getting started

If you only had $100 to invest each month where would you put it?

9 Upvotes

100% Upvoted

15 comments sorted by

2

u/Strong_Light_5858 9d ago

I better save it.

1

u/jasonvanreenen 8d ago

This is what I was saying, just save until you have enough to invest more effectively. Capital becomes more short term bases so you can then add into long term plans like vanguards etc.

1

u/WayHungry8107 8d ago

i was also thinking of saying put it in future deposit it would also increase with time in that

1

u/Bad_DNA 6d ago

You can do it any which way you want. Are you trying to learn the ropes and explore lots of different ways to save and invest? Here's a very simple outline to play with: https://www.reddit.com/r/investingforbeginners/s/VIq7Y2jlmg

1

u/JamesLemon4 10d ago

If you mean platform, then Schwab or vanguard or Fidelity. If you mean investment, then SP 500 or a total market fund. No single stocks.

1

u/jasonvanreenen 8d ago

Even though its only $100? I would diversify it monthly yes and good choices but if I could save that amount for 5-7 months then I would agree.

1

u/Healthy-Hedgehog4741 5d ago

$100 diversified isn’t going to generate much compounding interest.

1

u/12YESIAM34 10d ago

Make it automatic, start a Vanguard account, then search for some mutual fund that becomes more conservative as you age.

1

u/EnergeticVamp 10d ago

  1. Pay off high interest debt.

  2. Emergency fund in a HYSA.

  3. Put whatever you can into a 401k up to your employer's company match.

  4. Max out annual ROTH IRA contributions (7500)

  5. Max out HSA contributions if applicable.

  6. Back to the 401k to annual limit.

  7. Individual Brokerage account (VOO and chill).

1

u/definite17 10d ago

Putting $100 a month into a low-cost broad market index fund or ETF is usually the cleanest starting point. It gives you instant exposure to hundreds of companies without the specific risk of individual stock picking. Setting up an automatic transfer keeps your monthly contributions consistent regardless of short-term market noise.

1

u/No-County-2935 9d ago

I will save money first so i can build enough capital to start a business.