> How to with a Mutual Fund?

How to with a Mutual Fund?

Posted at: 2014-12-05 
At your age, a fairly aggressive Growth Stock fund would be most appropriate, especially if you are able to commit to adding $250 a month to it long-term...chose a fund with low expenses that has a sound track record...in that regard you really can't go wrong with anything from Fidelity, Vanguard, or T.Rowe Price (though I am NOT giving advice, just my opinion!)

Opt to reinvest all dividends & distributions, and watch your money grow! It's a beautiful thing...

At $250 a month, even if you never increase that amount, your account will grow to be worth between $535,831 and $1,183,438 by the time you reach full retirement age!

I'm 19 and I really want to start some compound investments. Im really thinking about doing a mutual fund but I have no idea where to get started. I work part time and am going to school, so I couldn't put alot away to start out with probably about $250 a month. But I know the earlier you start the better, I just don't know where to go to get things rolling.

Also if you have a better suggestion for compound interest than a mutual fund im open to suggestions. Thanks everyone!