3 ms·
This is simply not true. For starters if you think $1000 is an appropriate amount to invest you need to either spend less on junk or continue spending your mon
by aaron695 12y ago
This is simply not true.
For starters if you think $1000 is an appropriate amount to invest you need to either spend less on junk or continue spending your money on self improvement (Assuming money is a life goal).
Brokerage fees are often per transaction so bigger, long term investments means less % costs = more % profit.
Of course if you’re testing the waters $1000 is fully appropriate, hobbies cost money so if it’s fun, fair enough.
But skipping brokerage fees, S&P 500 is considered probably the best and the same for all.
If there was a magical return much greater than S&P 500 that only billions could get then someone would just collate a billion from various sources and take a small cut.
Costs are in paper work and handling fees which shouldn’t be different whether it’s $10,000 or $1,000,000.
It’ll be a bigger % for small amounts, but as long as you invest reasonably big chunks and not keep moving it around it’s negligible difference.