Charles Schwab has index funds with minimum initial investments of $100. Theres an article or post i read somewhere that explains the difference between investing in index funds vs ETF'S. basically, what the article emphasized was that if you're planning on making a one time investment, ETF's were the way to go since you incur less fees. but if you're planning on constantly contributing to this account and investing in it, index/mutual funds were the way to go because of dollar cost averaging.
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