Money Magazine

Micro steps towards wealth

How much money do you need to start investing? It's a question many will have asked before taking the plunge, and according to research conducted by HSBC last year, Australian investors believe that they will need $15,000 on average.

The reality is that it's possible to begin with far less. Many traditional managed funds have an entry point of $5000, while online share trading platforms tend to set their minimum in the $500 to $1000 range.

That can be a high bar for many, in particular first-timers looking to ease their

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