I'm 24 years old and have been saving in earnest for about a year and a half now. I've been contributing to my E-Trade Roth to the point where I have about $8,000 in it now.
My investment plan as of now is a buy-and-hold strategy centered around a diverse index fund portfolio.
The problem I have is that all of the index funds I'm interested in investing in have $3000 minimums? How can I diversify when I can't only hold about two funds?
Up until recently, I've just had on E-Trade international index fund, and I've recently branched out to one Vanguard fund.
Am I missing something or is the period when you're saving up to the 50 - 100k level a time when your diversification options are limited?
My investment plan as of now is a buy-and-hold strategy centered around a diverse index fund portfolio.
The problem I have is that all of the index funds I'm interested in investing in have $3000 minimums? How can I diversify when I can't only hold about two funds?
Up until recently, I've just had on E-Trade international index fund, and I've recently branched out to one Vanguard fund.
Am I missing something or is the period when you're saving up to the 50 - 100k level a time when your diversification options are limited?