Step 2 of 6 · Start Investing with Your First $100
One index fund, not ten stocks
One index fund, not ten stocks — step 2 of 6 in Start Investing with Your First $100. An index fund owns hundreds of companies in one purchase. You get diversification without researching 50 tickers.
Free personal finance tip: One index fund, not ten stocks (step 2 of 6 from "Start Investing with Your First $100").
An index fund owns hundreds of companies in one purchase. You get diversification without researching 50 tickers.
Look for: 'Total Stock Market' or 'S&P 500' in the name. Expense ratio under 0.10% (0.0010). That's the annual fee — lower is better.
Pro tip: Ignore hot stock tips from coworkers. Your first purchase should be boring enough to yawn at.
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