If you don't have a lot of money to invest but still want to diversify your portfolio, buy a mutual fund for one stop diversification. Because mutual funds contain many different stocks, you get all the benefits of multiple holdings without having to pay transaction fees for investing in each of the holdings individually. You can open a mutual fund with as little as $500. It's the most cost-effective way to build a diverse portfolio.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Investing Tip Site? Request a Tip Now!

Guru Spotlight

Byron White

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!