What are the best investments for very little money?
Start with contributing to a 401K if you employer has one and increase your contributions as you can afford it until you are contributing the maximum allowable. If your employer does not have a 401K, start contributing to a Roth IRA and increase your contributions until you are contributing the maximum allowable. Whether a 401K or a Roth IRA, pick good mutual funds to invest in with good track records and spread the money around. Don’t just let the money sit in a Money Market Account. While doing that, pay down any loan debt you may have accumulated, i.e., credit card, auto loan, etc. After paying those off, open a savings account and save 3-6 months living expenses. Once you have done this, I would suggest opening a Roth IRA if you are already in an employer 401K and have maxed it out. After maxing out the Roth, a balanced mutual fund with a good track record is a good investment. MorningStar is a great place to research mutual funds. Be patient, be regimented (invest on a regular bas
