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FWIW, many IRA plans have lower startup/initial investment costs. For example, I have a Roth IRA mutual fund with T. Rowe Price. I requested a prospectus (fund description and history) from the company, and it had a form for me and my bank to fill out that would allow transfers from my checking account to my IRA. (You'd need to fill one out for each fund you end up investing in.) But I could set it up with a $100/month automatic withdrawal from my checking account. Otherwise, I'd need to deposit $1000 into the IRA right off the bat to open the account.
Since you're young, you can afford to invest in "riskier" stock mutual fund accounts, as opposed to mutual fund bond accounts (those are more stable, but can still lose money, of course).
Either way, it's good to invest something every month. That way you aren't trying to time the market, and the ups and downs of the share prices kind of even out a little more.
Just some stuff to think about.
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