You dont need much money, either.

This story will explain that.

Youll also build wealth simply by saving money regularly.

Construction works put pieces together to build $100 in this photo illustration.

Lets say you budget $100 a month to buy a fund that trades at $10 a share.

That month you will buy 10 shares.

Likewise, as the shares go up in price, youll buy fewer shares.

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But by then youll have a sizable nest egg.

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Is Systematic Investing for You?

Its especially appropriate for people in their 20s and 30s young investors starting to save for retirement.

If thats you, speak with a tax professional on how to set up your account.

You wont become an instant millionaire with systematic investment but thats not the goal.

The goal is to earn a higher return than inflation over the very long term.

When investing every month, you wont need to worry as much when the market tumbles.

Low stock prices help you.

When prices go up, you are becoming wealthier.

As you build up your systematic investing account, youll start to get the benefits ofcompounding.

Thats when your money will work for you, instead of needing to work hard for every dollar.

Brokerage firms want quick traders.

Financial news channels and websites always want something splashy to say.

Dont buy into the hype.

Dont get excited or panicky if your portfolio zooms up or sags down suddenly.

Check out our 7 ways to stick to your investment strategy below.

you might always increase the monthly amount as your income increases.

Funds that mimic theS&P 500 Indexare often inexpensive and easy to follow.

When the S&P 500 Index is up, youll know your fund went up, and vice-versa.

If youre worried the stock market will be too volatile, you could invest in a fund that includesbonds.

Those funds will likely be more stable but will likely return less than a pure stock fund.

Youll also need to check to see whether the funds minimum investment suits your budget.

Some funds have high minimum investments.

Find the Correct Brokerage Account

Several online brokerages offer low- or no-commission trading and automatic buys.

Open an account with the minimum deposit required.

Robinhoodoffers all these features and has low minimums.

Stick to this strategy and reap the savings Robinhood and similar brokerages offer.

That will prevent your monthly buy order from being rejected.

Limit orders require the share price to be at or below some price you specify.

If the share price is above that limit price, the trade wont occur.

That would defeat the whole point of the strategy.

Do this every month.

Its conceivable your account may be down for several years in a row.

He is an adjunct professor of finance at Wayne State University in Michigan.

It sounds appealing right?

Check it out here!