Can I put $1,000,000 in the bank?
Yes, you can absolutely invest $100 in the S&P 500. Modern investment platforms and brokerage accounts allow you to purchase fractional shares or participate in automatic investment plans, meaning you don't need to buy a full share of an expensive index fund. By setting up an automatic monthly investment of $100, you can consistently build your position over time. Many low-cost index funds offered by major firms are designed for this exact purpose, allowing even small, regular contributions to benefit from market growth. This "dispersed share purchase" strategy, often recommended by investors like Warren Buffett, is an effective way to enter the market and leverage the long-term potential of the S&P 500 index.
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Yes, you can open a bank account online in many parts of the world right now, including through digital-first banks, traditional retail banks, and fintech platforms.