How should I Invest my $3,000 nest egg?
I have been trying to figure out how to start an investment portfolio. I have retirement savings through my company’s 401(k), a Roth IRA and personal savings. I have a small sum (less than $3,000) but I am trying to plan for the long run. Do you have any suggestions on how to start small and grow the investment over time? — Michael C.
Step one is to avoid stashing that cash in individual stocks, says Cheryl Costa, a principal at Forteris Wealth Management in Framingham, Mass. “A portfolio that small invested in just one or two stocks is pretty much a gamble,” she says.