(Source: Tulsa World)

Have you run across statements like this? "If you had invested
$10,000 in company ABC years ago, you would have $X today." Of
course, X is always a large number like $500,000 or $1 million. That
can be rather depressing when you don't have $10,000 to invest all
at once.
Don't despair. We know of one fellow who turned a measly $220
investment in food-distribution giant Sysco into $57,000. Granted,
it took him 27 years, but what an X! On average, he earned about 23
percent per year.
Back when he made that investment, he paid a very large
commission, as brokers charged a lot at the time and they also
charged more for trades involving fewer shares than a "round lot" of
100. Those large commissions tended to keep small investors, with
only a few hundred dollars to invest at a time, locked out. After
all, it doesn't make much sense to pay $100 or more to invest $500.
Today, though, many discount brokers such as TD Ameritrade,
E*Trade, ShareBuilder or Scottrade will charge you less than $10 per
trade and no longer charge extra for buying less than a round lot.
It can cost the same, whether you buy 17 shares or 1,500.
Better still, maintenance fees for low-balance accounts are a
thing of the past at many brokerages, and many have direct deposit
plans, letting you plunk a portion of your paycheck directly into
your account.
Learn what different brokers have to offer at tulsaworld.com/
foolbroker .
So forget the $10,000. Just $500 invested in tech company
Research In Motion 10 years ago would be worth $7,450 today -- a
beautiful annual return of 31 percent.
An investment in biotech enterprise Celgene would have become
almost $13,000!
That's a road to riches -- starting with just a few hundred
dollars and combining it with time.
Anyone can do that. Even if you've just retired, given the longer
life expectancies today, it certainly can't hurt to start. In other
words, get started .
Learn more at tulsaworld.com/foolinvest .
SUBHEAD: FOOL'S SCHOOL
Originally published by MOTLEY FOOL.
(c) 2009 Tulsa World. Provided by ProQuest LLC. All rights Reserved.
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