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How Much Money Will I Need to Get Started Investing?

How Much Money Will I Need to Get Started Investing?

First things first, accumulate six months’ of cash as emergency savings. Then you can start investing.

From there, it makes sense to try and set up a monthly investment plan, where you set aside a certain amount of money each month and stick to that schedule. If there is any extra money in any given month, put that away too.

Once you build up a few thousand dollars, you can start buying broad-based ETFs or mutual funds to gain diversification while also getting equity exposure for growth.

How Should I Invest my First Thousand Dollars Saved?
How do I Calculate my Expenses?

Keywords: investments, mutual funds, diversification, Exchange Traded Funds (ETFs), Diversification Score®, investment plan,