5 answers
5
Asked 413 views

can I start investing with only 100/-

I am in10th standard I am girl #money #finance #art

money art finance
Answer This

+25 Karma if successful
From: You
To: Friend
Subject: Career question for you
5

5 answers

1
Updated
Share a link to this answer
Share a link to this answer

Jasanpreet Kaur’s Answer

Hi Sakshi,

Firstly, I would like to say: I highly appreciate your thoughts!

Yes! You can start investing with Rs 100. Above all, what matters is where you are planning to invest. You need to have the complete knowledge and guidance of your parents before you step into it.

Remember, the wise investment pays a lot in the longer run. But you need to acquire complete knowledge of it before you take any step.

I hope my answer helps!

All the best!

investment longtermgoals money finance
1
1
Updated
Share a link to this answer
Share a link to this answer

Dan’s Answer

Oh yes! You can start investing with only $100. And the sooner you start, the more time that the power of compound interest will work for you.

Let's assume that you are 14 years old and that you will go to college for 4 years, graduating at the age of 22.

If you invest your $100 in a Vanguard mutual fund that earns 8% annually, you will have about $185 when you graduate at the age of 22. You invested $100 so your growth is $85.

However, if you invest your $100 each month in a Vanguard mutual fund that earns 8% annually, you will have about $12,950 when you graduate at the age of 22. You invested $100*12months*8years=$9,600 so your growth is $3,350.

Now let’s assume you do this until you are 62 years old. You will have $592,179 when you are 62 years old.
You invested $100*12months*48years = $57,600 and your growth is $534,579 (more than 1/2 Million dollars).

In reality, you may not be able to save $100 EACH MONTH until you graduate from college but a college degree will likely allow you to contribute that much and more starting at age 22 when you enter the work force. It is easy to believe that you could have $1 to 4 Million in savings when you are 62 (assuming dedicated savings with controlled spending).

You can run your own calculations with different amounts and durations at:
https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator

Vanguard funds that you might consider are:
VTI - Total Stock Market Index Fund ETF
VOO - Vanguard S&P 500 ETF
VBIAX - Vanguard Balanced Index Fund

You will need some help to open a mutual fund account and there are other good funds at Fidelity and Charles Schwab.

In general, just keep saving in a low fee fund and over time, you will see significant growth. You will see small growth in the beginning and increasing growth determined by the amount you save and the longer you have been saving.
Thank you comment icon Love seeing Bogleheads in the wild! Dhairya Dalal
1
0
Updated
Share a link to this answer
Share a link to this answer

Meagan’s Answer

Absolutey! You're never too young to start investing! The sooner the better....I wish I had started early!
0
0
Updated
Share a link to this answer
Share a link to this answer

Angela’s Answer

Hi! With how young you are, I highly recommend continuing to save before you do anything with the money that you have!
0
0
Updated
Share a link to this answer
Share a link to this answer

Anthony’s Answer

Please, note the following :-
1. It depends on the type of
business or job.
2. Consider the type/kind of
business.
3. Consider the INTEREST and
KNOWLEDGE you have in the
business.
4. When business is fully
established, there are avenues
for financial assistance from
financial institutions.
5. Best wishes to you.
0