To be successful with your investing, it's important to start as early as you can. Yet many beginning investors mistakenly assume that they need a lot of money to get started. In reality, you can invest as little as $100 in ways that will provide much better returns than you'll get in your savings account.
In the following video, Motley Fool investment-planning editor Lauren Kuczala talks with longtime Fool contributor and financial planner Dan Caplinger about how to go about investing $100. Dan points out that many mutual fund companies allow people to invest small amounts as long as they commit to making regular additions to their account. In addition, other specialty investments such as savings bonds offer a chance to invest small amounts to get returns that will be better than some other fixed-income options.
Once you've saved enough to start looking at individual stocks, the best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.
The article Got $100? Here's How to Start Investing originally appeared on Fool.com.Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow Dan on Twitter: @DanCaplinger. Lauren Kuczala has no position in any stocks mentioned. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.