YOUR MONEY-Can you make $100 grow into a house? [Reuters]
AMTD IDEA Group American Depositary Shares, each representing one Class A Ordinary Share (AMTD)
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Source: Reuters
Your Money: Can you make $100 grow into a house? NEW YORK (Reuters) - My preteen daughter earned her first dollars in 2018, so I wanted to seed her retirement account. But what can you do with $100 or so? For people just starting to invest, those first steps are always the hardest. Most financial institutions do not even want you. Choose wrong, and your whole balance can be eaten up in fees. On the other hand, if you get it even a little bit right, you could enjoy the magic of compounding interest. Dennis Nolte, a certified financial planner in Winter Park, Florida, had one of his career highlights when a couple came to thank him for his help setting up a savings plan from zero. Nolte worked at Disney’s credit union when the couple came to see him. They were in their twenties, not yet married and struggling to make ends meet. They did not have $2,500 to meet the money market minimum, so Nolte set them up with a savings plan of $20 per pay period. If they got raises or bonuses, they pr
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