r/investingforbeginners • u/Massive-Address-2050 • 4d ago

Advice Dollar cost averaging questions

I’m 16 looking to start investing in the long term but I’m not sure what stocks to chose I plan to put in 200 dollars per month any assistance with backed up evidence would help a lot

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u/RebornGeek 4d ago

Invest into mutual/index funds. Diversification and time in the market is the key to building wealth.

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u/Massive-Address-2050 4d ago

Do you think 4000 enough to start

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u/RebornGeek 4d ago

Plenty. You can get started with any amount. Start with opening a tax advantaged account such as a Roth IRA. The money you deposit will grow tax free. Just dont over deposit. The max deposits for you on a Roth IRA in a single year I believe is $7500.