Are you waiting to invest until you have more funds to work with? Don’t wait! The size of your portfolio 20, 30, or 40 years from now won’t reflect the dollar amount you start with today; rather, it will almost entirely rely on the amount of time your money had to grow. Starting with any amount right now is better than waiting to start until later. Period.
Every day you delay investing is another day you lose the benefit of compound interest (which is earning interest on top of your interest). And compound interest makes saving small amounts over many years much more lucrative than waiting to invest a larger amount down the road. It leverages time to make your money work harder, and your wealth grow faster. Therefore, the number of years your money has to grow is more important than the amount you begin investing with.
Check out Smart Investing on a Small Budget from Investopedia. Whether you have a few hundred dollars or a few thousand to invest, there’s a way to get started that’s right for you.
We’d love to talk more about your options and maybe even run some numbers for you on what you have to gain by starting to invest now. Give us a call to set up some time; we're here to help.