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system
investing small amounts at regular intervals while minimizing fees?
user
i was going to comment on the commission-free etf answer, which i agree with, but i don't have enough reputation. td ameritrade has a list of commission-free etfs and has no minimum deposit required to open an account. another idea is to keep gifts in cash until a certain threshold is reached. for instance, $100 for birthday, $100 for christmas, $100 for next birthday, $100 for next christmas, now execute the trade. sharebuilder has $4 scheduled trades, so you'd be at about 1% overhead for that. if other people give money, you'll reach the threshold faster of course. for what it's worth, i do something similar for my 2 nieces. i combined their account and prepay christmas plus birthday, so i do 1 trade a year. i have my account at sharebuilder because my idea predated the commission-free etfs that are now pretty popular. i should really transfer the account... hm.
assistant