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Subject:  Re: Brand New Investor Date:  10/6/1999  10:57 AM
Author:  JABoa Number:  14277 of 88418

Wow, new college grad with $250 a month to put away. I'm impressed. Keep up the good work.

Brokers such as Fidelity and Schwab have automatic investment programs for some of their mutual funds. As I understand it, the money gets deducted from your bank account. They waive their customary fees about transactions and also the fee for having a small total balance. The sort of money being talked about may be as low as $50 a month, but I'm not sure.

The Fool is down on mutual funds, because of their management fees and frequent underperformance compared to a standard measure such as the S&P 500, but I think they have their place. Schwab is Another one you might like to explore is Vanguard.
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