What is the minimum investment required to start investing with Oppenheimer Funds?
The minimum investment required to start investing with Oppenheimer Funds varies depending on the type of account you are interested in. For most mutual funds, the minimum initial investment is $1,000. However, some funds have lower or higher minimums, ranging from $500 to $5,000. Oppenheimer Funds also offers individual retirement accounts (IRAs) with a minimum initial contribution of $500. Additionally, certain accounts, such as college savings plans and retirement plans through employers, may have different minimum requirements. These minimums are subject to change, and it is always recommended to consult with an investment advisor or refer to the Oppenheimer Funds website for the most up-to-date information.
Answered Nov 1, 2023
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