These funds include balanced funds, which include stocks and bonds and asset allocation and lifecycle funds, which include stocks, bonds, and cash in varying proportions. First, if you're self-employed, invest in a SEP or Keogh plan. Also, invest windfalls such as tax refunds and retroactive pay. Another recommended strategy is dollar-cost averaging. This isn't true.
Time is as precious an investment resource as money is.
Even small amounts of money, with compound interest over time, will grow to significant sums. When there's a will, there's a way. Rutgers Cooperative Extension is an Equal Opportunity Employer.