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<<Many mutual funds require a minimum investment of $500 or so. I would put the
$25 per month in a savings account at the bank, and when there is enough for
your mutual fund of choice, transfer the money to that.>>

Did you know that there are some mutual fund companies that allow investors to invest starting with $50? The key is you have to sign up with their automatic investment program of a minimum $50 per month. Of course, the key is to find a mutual fund with NO LOADS when you purchase them. Check out Transamerica Premier Funds ( or Strong Funds ( which offer this kind of programs.

DRIPS are great but many of them charge commissions, which eats away from the bottom line. If you do proceed with this, keep in mind that it is generally harder to buy/sell because the transfer agent generally purchases company stock every week and they average out the prices.

San Francisco
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