danielgarcia
New member
Good evening, I'm fairly new at investing and trying out different things and I have 2 questions
1) after doing some research, I'm interested in the s&p 500. But how many shares of it is wise to get. An ETF is already diverse so would it be wise to buy maybe 6 shares if I have R500 to spare? Or should I have more and have a lump sum?
2) I noticed that Mr price and mtn do fairly well, is it wise to purchase a few shares(less than 5) from either one of them? And then buy 1 or 2 every month.
Ps, I'm a college student and can only invest under R500 every month.
Thank you for your help in advance
1) after doing some research, I'm interested in the s&p 500. But how many shares of it is wise to get. An ETF is already diverse so would it be wise to buy maybe 6 shares if I have R500 to spare? Or should I have more and have a lump sum?
2) I noticed that Mr price and mtn do fairly well, is it wise to purchase a few shares(less than 5) from either one of them? And then buy 1 or 2 every month.
Ps, I'm a college student and can only invest under R500 every month.
Thank you for your help in advance