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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.


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