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Why You Should Buy Into a Mutual Fund

Last year, I bought into a mutual fund just as a “lets try investing” test drive. My hubs was a stock man in a past life, and has always encouraged me to get out there and have some fun with trading.

For me investing has always been a little intimidating, even working in finance! So I decided to start small and see how it goes, and what I learned along the way was that it is a super easy way for me to stock pile some extra funds and work towards my goals of being debt free!

I’ve learned to use my mutual fund as a tool, and wanted to share my experience with y’all!


MY PLAN

My plan was to commit to taking $50 a pay check (Only $100 a month!!!), and investing into a mutual fund.

I think a common misconception is that you need bookoo bucks to start investing, which IS NOT true! I went through my bank (USAA), and bought into a mutual fund that had a $50 buy in, with a $50 monthly minimum investment. Totally doable.

If you are like me, and do not like to gamble I would suggest a conservative fund, or moderately conservative fund. You aren’t really getting rich over night, but you aren’t losing tons of money either!

So, once I bought into my fund I set up to have it automatically reinvest my funds with each monthly buy in. I literally had to do nothing. Just check in once in a while to see how my fund was growing. An easy way to look at this is like having an extra savings account with the potential to make you some extra cash based on the market.

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WHAT MY SAVING $100 A MONTH LOOKED LIKE

I never missed this money. It was packing a lunch a few times a week instead of buying out. It was cutting back on a couple of nights out with friends. It was not buying that shirt or dress I didn’t really need.

The point is that this is something doable without really putting yourself out. Pack a lunch, skip the Starbucks, stay in a few nights a month instead of going out.

At first you may feel like you are taking something away from yourself, but the reward of low-key paying off your debt is totally worth it.


MY OUTCOME

I just set back and let my money grow. For those of you who don’t pay attention to the market, it’s been doing well. So while it was up, I sold off part of my fund and am paying off rest of my car loan with it.

That is the beauty of this kind of dare I say “fun” investing, you can buy or sell when you want. You can sell off shares when you have a trip coming up, want to make a big purchase, or to cover an emergency. Really whatever you want. Starting small lets you get your feet wet with the investing world, and decide what you are capable of.

After selling my shares it is business as usual. I will continue to buy in and reinvest.


The moral of the story here is that investing doesn’t have to be this big, scary thing! You can start small and find what works for you. I would definitely encourage you all to AT LEAST look into it!

Happy investing babes!

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1 Comment

  1. Katherine

    January 23, 2020 at 7:39 am

    Kat, thank you so much for sharing this! Investing is definitely intimidating and you made it sound relatable and doable!

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