How much money do you need to start investing?
It can feel like a big step to start investing your money. And younger investors are often put off by the thought of having to invest a large lump sum.
What you need to know
One of the easiest ways to build your investment portfolio is to simply keep adding to it on a regular basis. With a regular investment plan you can start small and build your investment over time. And by putting money into an investment portfolio rather than a savings account you could earn a higher return.
For example, with an initial investment of $1,000, and by adding as little as just $100 a month, you can start a regular investment plan into a managed fund or superannuation. Assuming you earn an average of 7% each year on your investment, after 10 years your investment will have grown from $1,000 to $16,000.
An adviser can help you:
- Set up a regular investment plan
- Provide guidance on where to invest your money