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Elizabeth
FiLifer

Investing


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Any good resources for affordable, long term investing? I'm looking to build up my portfolio without breaking the bank, and I'm having a hard time finding good, simple advice.

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lootcorp
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Take a look at ING's Sharebuilder (www.sharebuilder.com) - it allows you to do automatic investing. You select the stocks/funds you want to buy, how much you want to invest, and the investment schedule. This allows you to automatically deduct a small amount of $$ from your budget and put it in the markets. For a long term strategy, I think this works well, much like a 401(k) that takes a set amount from your pay each check and invests it.

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Michael Kitces
FiLife Contributor

Elizabeth,
I'm not certain here what you mean by "resources". Do you mean books and education material about how to invest? Or do you mean a provider that can help you to get it done?

In any event, a good starting point is to look at a company like Vanguard (www.vanguard.com), which has a long history of providing low-cost long-term investing solutions for individuals. Depending on whether you wish to drive this process yourself, or have professional assistance, you might also consider seeking out a financial planner through the FPA (www.fpanet.org) or NAPFA (www.napfa.org).

I hope that helps a little!

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