When you're young and juggling lots of financial responsibilities, from repaying student loans to saving up for a down payment on a home, you may have only a few dollars left over each month to put away for retirement.
The problem is, you generally need a lot more than just pocket change to invest in the mutual funds that will help grow your savings.
Today, the average minimum investment for a U.S. stock fund — a core holding in any young person's portfolio — is $4,000, according to Morningstar, an investment data provider.
Discouraged? Don't be, because there now are plenty of ways to get around the minimum investment hurdle. Consider the...