A recent lunch with a colleague who just graduated from college turned into a conversation on how to start investing for what will be her retirement in — gulp — roughly 50 years.
Like so many of her peers, she finds it’s hard to look much farther out on the financial landscape than next week, much less 10, 20 or 50 years from now, but she understands the need to start saving and investing — the sooner the better.
She’s already savvy enough to pay into a 401k plan, but she also wants to start buying some stocks on her own, using additional money saved from each paycheck.
Spreading the wealth around enough to have a diversified portfolio is a little tough on a small, fixed budget, so you really have to make sure you’re getting the most bang for your buck.
In the spirit of our discussion, we came up with five great stocks she could start accumulating on a budget — by saving roughly $75 per pay period, she could buy one share each of these stocks every month.