Expert: Dr. Joseph de Beauchamp - 6/24/2005

Question
Can I begin investing with only 100 dollars?  Should I just go buy a CD at my bank?  Would I be laughed out of a financial advisors office? I figure everyone has to begin somewhere; I just don't want to do something. I am beginning a new career of working for myself and have been a stay at home mom so I have no 401k. Help?

Answer
Shelly,

Yes, keeping liquid is important. Many changes will take place. You might look over the mutual fund section of http://wfnn.info A good international fund will allow you to save monthly of $25 per month or more. This adds up and over a 30 year period, you would have $45,000 for each average $25 per month. You might want to look up the Fidelity office in your area and sign up for a monthly program, they are a no load and no cost group.

Dr. Joseph de Beauchamp