To achieve investment success, you don’t have to start out with a huge sum or “get lucky” by picking “hot” stocks. In fact, very few people actually travel those two routes. But in working toward your investment goals, you need to be persistent — and one of the best ways to demonstrate that persistence is to invest automatically.
How do you become an “automatic” investor? You simply need to have your bank automatically move money each month from a checking or savings account into the investments of your choice. When you’re first starting out in the working world, you may not be able to afford much, but any amount — even if it’s just $50 or $100 a month — will be valuable. Then, as your career progresses and your income rises, you can gradually increase your monthly contributions.