Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Your Portfolio and other Investing topics.
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.
Guru Spotlight |
Barbara Gibson |