Is Investing $25.00 worth it?
Investing a drop at a time As I have been having success investing $25.00 at a time, it is good to see what others have to say and if they are having success. One site I like is Investopedia for all kinds of investment and financial knowledge. They have an article called Is investing $25 a month worth it? which discusses some of the things to think about when investing $25.00. First is fees and it is a huge one. I learned this when I started investing in Stockpile which charges a fixed $.99 per transaction which is quite small when compared with many other brokers. I really like Stockpile for its fractional shares. It allowed me to really grow my investment over time. However, I soon realized that $.99 on $25.00 is almost 4%, which is a lot of ground to make up to just break even. This made me change from investing $25.00 at a time to waiting and investing $100.00 so the fee would be just 1%, a much more palatable commission. ...