http://totallypassive.com/788/where-can-a-person-start-investing-into-an-ira-that-doesnt-require-a-lot-of-money-for-the-initial-deposit/ Passive income ideas for multiple streams of passive income Mon, 07 Dec 2009 15:00:27 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://totallypassive.com/788/where-can-a-person-start-investing-into-an-ira-that-doesnt-require-a-lot-of-money-for-the-initial-deposit/comment-page-1/#comment-68 Jeff H Mon, 09 Nov 2009 16:27:34 +0000 http://totallypassive.com/788/where-can-a-person-start-investing-into-an-ira-that-doesnt-require-a-lot-of-money-for-the-initial-deposit/#comment-68 There are mutual funds that do that. Suggest that she research mutual funds. When she finds one she likes, look at it's IRA plan. Another option would be the local bank for starters. Avoid DRIPs which are just one company stock. Suggest that she look at a ROTH IRA ... not the traditional IRA. Below are some examples and one mutual fund company that used to accept automatic monthly investments of $25.00 per month, I do not know what their minimum monthly is now. As always, investigate before you invest. There are mutual funds that do that. Suggest that she research mutual funds. When she finds one she likes, look at it’s IRA plan.
Another option would be the local bank for starters.
Avoid DRIPs which are just one company stock.
Suggest that she look at a ROTH IRA … not the traditional IRA. Below are some examples and one mutual fund company that used to accept automatic monthly investments of $25.00 per month, I do not know what their minimum monthly is now.
As always, investigate before you invest.

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