Thinking Forward: A New Way to Look at Personal Finance
Author: Aaron May, Advertising Coordinator

Women and Work: Why Salary, Benefits, and Work-Life Balance Count
Author: Amy Proctor

Women and Estate Planning Basics
Author: Mitzi Bjork, Financial Advisor

Elder Abuse & Senior Scams: What You Need to Know
Author: Kristen Ishihara

Determining the Need for Long-Term Care Insurance (LTCI): How Much Is Enough?
Author: Jerry Martin, Financial Advisor

Women: Planning for the Financial Impact of Children
Author: Amy Proctor

Converting Savings to Retirement Income
Author: Curtis Hinshaw, Financial Advisor

Student Board of Directors Experience
Author: Bethany Simmons

Raising Money Smart Kids
Author: Tammy Gage, Community Relations Officer

Banking on the Future of Texas Communities
Author: Rogers Pope, Jr, Vice Chairman and Chief Executive Officer

Spring Cleaning for Your Personal Finances
Author: Aaron May, Advertising Coordinator

Women's History in Banking
Author: Tawny Browning

Staying Connected Through Social Media
Author: Sherry Gibbon, Vice President, Community Relations and OMNI Manager

Did you ever think that you would be able to ‘Pay’ with a watch?
Author: Sheri Parish

Wide Angle Lens
Author: Kimberly Spinks

12 Resolutions for 2016
Author: Amy Proctor

Common Factors Affecting Retirement Income
Author: Amy Proctor

Christmas is the time for...Savings
Author: Tawny Browning

How Women Are Different from Men, Financially Speaking
Author: Mitzi Bjork, Financial Advisor

Don’t Get Caught in a Cyber P.L.O.T.
Author: Sherry Gibbon, Vice President, Community Relations and OMNI Manager


How We See It

Larry Quinn

Larry Quinn

December 23, 2011

How Much Money Do I Need to Start Investing?
By: Larry Quinn, CPA and Branch Manager

The first investment I ever made was a $25 a month purchase of mutual funds some 40 years ago.  It was hard to let go of the money for some unfamiliar product name.  As I think about it now, I did not fully understand the product, but I did understand the concept and process of monthly investing to help increase the return on my hard-earned money.

So just how much money do I need in order to start investing?  At TBT Financial Services, we get this question a lot.  The answer is surprising for most people.  An initial deposit of $250 to $500 will get you started.  A commitment to add to the investment on a monthly basis can help you save and potentially increase the value of your investment.  Adding $50 a month (or more if you can afford it) is a good way to get you off and running as an investor. 

The key to investing is to start as soon as you can.  Do not put it off, because the sooner you start, the greater the effect compounding can have on helping increase the value of your investment.  A lot of the success of investing can be attributed to the old adage, “a penny saved is a penny earned,” which is credited to one of our founding fathers, Benjamin Franklin.

There is no magic crystal ball that tells someone when and where to invest their money for a positive return.  Successful investing starts with a plan and a desire to follow the plan. 

My advice is begin today and do not put it off.  You don’t have to know everything there is to know to be an investor, but you should seek advice from a competent financial advisor like the ones at TBT Financial Services.  The sooner you start, the better off you will be down the road.


Investments mentioned may not be suitable for all investors.  Keep in mind that there is no assurance that any strategy will ultimately be successful or profitable nor protect against a loss.


About TBT

Who We Are Join Our Team People Who Make a Difference TBT Spirit of Giving Contact Us Site-Map

Helpful Links FDIC Consumer News FAQs

Consumer Protection

Fraud Protection Center FDIC Update Privacy / Security Disclosures
Member of FDICAn Equal Housing Lender
Powered by Encore Multimedia.