Is MyStockFund a Good Investing Tool?
April 9, 2008 by Miranda Marquit
Filed under Finance
When it comes to investing, many of us are a little wary right now. However, it could actually be a good time to get into the market. One of the investing tools floating about is MyStockFund.
Like SoGoInvest and other online discount brokers, MyStockFund is an investing tool that allows you to make cheap trades, and set up an investment account. MyStockFund also features something unique: invest as little as $10 and no minimum investment account requirement.
This makes MyStockFund an ideal investing tool for the beginner. It is easy to implement dollar cost averaging and invest in funds, rather than individual stocks. These are basic investing strategies that can help beginners overcome a fear of investing.
There are some features that more advanced traders may wish for in MyStockFund, but for beginners, it is definitely worth looking into.
Disclaimer: I am not an investment professional. Nothing in this piece or on this Web site should be construed as investment advice. Before making investment decisions, do your own research and/or consult with an investment professional.
image credit: MyStockFund
