Comments on: Investing in Market Index Funds is Best! https://www.moneyahoy.com/investing-in-market-index-funds-is-best/ Money Saving, Making Money, and Investment Ideas Sat, 24 Apr 2021 19:50:49 +0000 hourly 1 https://wordpress.org/?v=4.9.21 By: Derek Chamberlain https://www.moneyahoy.com/investing-in-market-index-funds-is-best/#comment-12690 Mon, 31 Oct 2016 16:29:46 +0000 http://www.moneyahoy.com/?p=272#comment-12690 Eunice,

Thanks for stopping by! Because you are starting with a small amount of money, my best advice is to look for a broker with low fees. I suggest TD Ameritrade because they offer trades as low as $5.

I would suggest you work on helping them to understand investing in general and the power of compound interest. These are important to understand before you begin purchasing stock. From there, you can check out my book (see link at the top of the site). This gives a general introduction to investing for the complete newbie. It may be tough to get across some of the concepts to a 4 year old though :-).

-Good luck!

]]> By: Eunice https://www.moneyahoy.com/investing-in-market-index-funds-is-best/#comment-12689 Fri, 28 Oct 2016 14:18:00 +0000 http://www.moneyahoy.com/?p=272#comment-12689 Hi, I don’t have lots of money. I save change for my small grandsons. It really does not earn anything sitting in the bank. They both now have over a thousand dollars and I thought maybe I should invest it and maybe it will grow before they become college age. They are 4 and 7. I add to the money as the change becomes enough to deposit it in their individual bank accounts. Do you have any investment tips for them. Is it even worth it with the small amounts I save for them. Hoping for a response.

]]> By: What exactly is a stock? – Cray News https://www.moneyahoy.com/investing-in-market-index-funds-is-best/#comment-12688 Fri, 28 Oct 2016 11:28:24 +0000 http://www.moneyahoy.com/?p=272#comment-12688 […] What Exactly Is a Stock? – Final Thoughts Historically, investors motivated to purchase stock in many companies (25-30 or more) had to pay large fees known as trading commission. Brokers loved this, but as far as the investors were concerned – not so much… If only there were “stocks” that combined the stock of several companies into a single investment. If such a thing existed, then this “bucket” of stocks would certainly make things easier for us. There would be no need to purchase and track 25 or 30 separate stocks concurrently… We are speaking, or course, of a market index fund. […]

]]> By: What exactly is a stock? | Bay Area Property Insights https://www.moneyahoy.com/investing-in-market-index-funds-is-best/#comment-12686 Fri, 28 Oct 2016 11:12:43 +0000 http://www.moneyahoy.com/?p=272#comment-12686 […] What Exactly Is a Stock? – Final Thoughts Historically, investors motivated to purchase stock in many companies (25-30 or more) had to pay large fees known as trading commission. Brokers loved this, but as far as the investors were concerned – not so much… If only there were “stocks” that combined the stock of several companies into a single investment. If such a thing existed, then this “bucket” of stocks would certainly make things easier for us. There would be no need to purchase and track 25 or 30 separate stocks concurrently… We are speaking, or course, of a market index fund. […]

]]> By: Derek Chamberlain https://www.moneyahoy.com/investing-in-market-index-funds-is-best/#comment-3119 Sat, 21 Sep 2013 13:37:21 +0000 http://www.moneyahoy.com/?p=272#comment-3119 Jean,

Great! I’m glad I could help you on your financial journey!!

]]> By: Jean @How To Make Money https://www.moneyahoy.com/investing-in-market-index-funds-is-best/#comment-3117 Sat, 21 Sep 2013 07:00:29 +0000 http://www.moneyahoy.com/?p=272#comment-3117 I was searching about mutual funds when I found this site. Great post here and I have learned a lot about index funds.

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