Vanguard Federal Money Market Fund<\/strong><\/h2>\n\n\n\nThis is another strong product from Vanguard, which offers an accessible option for new investors. The expense ratio is relatively low, but keep in mind there is a minimum investment of $3,000. You\u2019ll find that the majority of this fund is invested in cash and U.S. government securities, making it a good option for anyone who is new to this form of investing. Vanguard is well respected in the industry and takes care of its customers, so you\u2019ll find that they are willing to answer your questions and offer the support you need when looking into this fund. Don\u2019t be afraid to take the time as a first-time investor to ask any questions you have to avoid concerns and issues later on.<\/p>\n\n\n\n
Invesco Government Money Market Fund<\/h2>\n\n\n\n
This is another fund that holds the majority of its assets in cash and government securities. The expense ratio is just 0.35%, making it a solid option for anyone working with a limited budget. You\u2019ll find that you only have to invest $1,000 or $250 in an IRA, so it\u2019s very accessible to those working with a small budget. Invesco is another well-trusted company in the industry, and you\u2019ll find that its team is on hand at all times to support new investors. While you may be concerned about reaching out when working with a lower budget, don\u2019t let this put you off from making your first investment this year.<\/p>\n\n\n\n