Business
$250 a month to invest? Here’s how I’d aim to turn it into $1m – The Motley Fool Australia
A strategy that aims to invest modest amounts regularly in high-quality shares at cheap prices could produce a surprisingly large portfolio, in my view.
The 2020 stock market crash may have provided an opportunity to invest in high-quality shares while they trade at low prices. Over time, they could deliver impressive returns that have a positive impact on an investor’s portfolio.
As such, now could be the right time to start buying a diverse range of stocks for the long term. Even a modest monthly investment of $250 could produce a seven-figure portfolio in the coming years.
Invest in high-quality shares at low prices
While many high-quality shares…
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