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Old 12-11-2017, 07:26 PM
 
997 posts, read 859,315 times
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Fidelity spartan index funds require at least $2500 to open an account.
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Old 12-11-2017, 08:19 PM
 
Location: Omaha, Nebraska
10,403 posts, read 8,082,350 times
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Quote:
Originally Posted by Liledgy View Post
Fidelity spartan index funds require at least $2500 to open an account.
Most mutual funds have a high minimum initial investment amount. ETFs do not, which makes them more attractive to people like the OP who don’t have thousands to invest.
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Old 12-11-2017, 08:24 PM
 
24,439 posts, read 27,191,307 times
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Originally Posted by CaptainNJ View Post
i was talking to some guys this weekend about it. of course, you hear "there is gonna be a recession." problem is that i know people that have been sitting on money for 5+ years saying the same thing. in the meantime, i have earned tons of money during that period that they havent. so even with a substantial hit i would still likely be better off.
Exactly, I could drop 50% and still be ahead... with that being said I think the market has a lot more to go up
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Old 12-11-2017, 10:26 PM
 
36 posts, read 42,420 times
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Originally Posted by Aredhel View Post
^^^Good luck, OP! You're smart to be getting started in investing so young. I wish I had been as smart about money at your age!
Lol. That's what my dad says.

Thanks again for all the help!
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Old 12-11-2017, 11:25 PM
 
Location: 415->916->602
3,143 posts, read 2,683,014 times
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Dude, you're SO smart to invest while you're young. When I was a teen, i used my money to get lit and get drunk.
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Old 12-12-2017, 12:48 AM
 
30,945 posts, read 37,150,208 times
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Originally Posted by Dr. Johnny Fever View Post
Lol. That's what my dad says.

Thanks again for all the help!
Oh, and if you want work to be optional by the time you're 30, you should read Mr. Money Mustache's blog and take his advice to heart:

Getting Rich: from Zero to Hero in One Blog Post
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