What is the minimum investment for American Funds?
Asked a year ago
The minimum investment for American Funds varies depending on the type of account and the specific fund chosen. For most mutual funds, the initial minimum investment is $250. However, if investors set up an Automatic Investment Plan, the minimum drops to just $50. Additionally, certain funds may have higher minimums ranging from $1,000 to $5,000. Some investment options, such as individual retirement accounts (IRAs) or 401(k) plans, may have different minimums as well. It's important to note that these minimums may be subject to change and it is advisable to check the American Funds website or consult with a financial advisor for the most up-to-date information on minimum investments.
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