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Making repeated monthly investments in mutual funds is quite easy, but for stocks it tends to be an expensive strategy. Each purchase usually will cost at least $8 at a discount broker. You probably want to keep costs below 2% or so. The minimum you will want to invest is $400 per month.

It can be better to accumulate funds and then invest once a quarter or at some other interval to keep costs lower.

You may also want to look at dividend reinvestment services. Many companies have them and most allow you to add additional cash for purchases made at least once per month. Then you are charged only a share of the commissions.
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