You don't need a lot of money to start investing. Even $500 can grow into a meaningful amount of wealth over time if you invest it wisely and give it enough time to compound. If I only had $500 to invest right now and couldn't touch the money for the next 25 years, I'd put it into the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD). Here's why I think it's an excellent long-term investment. Image source: Getty Images.
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