Is there a minimum i should use to start investing

In by SamLeave a Comment


Hey 😊

I’m about to turn 21 and id like to get my foot in the door when it comes to investing.

I’m unsure of where to start I am a bit scared to invest more than $500 at the moment, i do have 15k in saving but I’m not confident with my knowledge about how to or what to invest in but would love to start small and learn.

1. Is $500 enough to start? as I am happy to leave that money for a good 10 years and potentially add more when i feel more confident.

2. What should I put the money into? I do have a Raiz account should i put the full amount in there? or should I open a Commsec and invest in a index fund?

Any input would be very helpful as everyone has a different opinion and I’m a bit lost, Thank you!