I want to invest at least 20 dollars to see how well it goes. But i really don't know what company is going up right now. Can anyone help?
2006-08-10 03:23:01 · 7 answers · asked by froggyluvy 1 in Business & Finance ➔ Investing
Stocks are usually bought in lots of 100 shares -- so a typical stock that costs $20-$40 per share would involve an inverstment of $2,000-$4,000.
you can buy and sell stock through any brokerage. It doesn't make sense to invest $20 -- because stansaction costs would eat up most of your investments.
A better alternative is to see if you can invest in a mutual fund through your bank.
2006-08-10 05:32:30 · answer #1 · answered by Ranto 7 · 0⤊ 0⤋
Talk to someone from a company called Primerica. They deal in investments that you can buy for as little as $25 a month, and can also help you find ways to free up money to invest more (no, I'm not talking about investing money from a loan, that's illegal--or should be).
Otherwise, get some more money together and at least talk to a stockbroker for advice.
2006-08-10 10:41:53 · answer #2 · answered by The_Mystic 3 · 0⤊ 0⤋
you won't get very far with 20 dollars. traders would just plain laugh at you.
watch the market and use imaginary money to test your skills.
if we would know what goes up/down we all would not have to work anymore.
care to invest in my company?
2006-08-10 10:27:47 · answer #3 · answered by 42 6 · 0⤊ 0⤋
Someone told me years ago, if you dont have $500 minimum dont bother. Even that isnt enough. Buy a few shares of tpwr.ob its a local Casino/Horsetrack can only go up in value!
2006-08-10 10:30:05 · answer #4 · answered by Gregg H 3 · 0⤊ 0⤋
You need at least $500.00 to open a brokerage account at Scottrade.
2006-08-10 19:56:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
look into the exxcon or Amaco
2006-08-10 10:26:21 · answer #6 · answered by Enigmatic33 3 · 0⤊ 0⤋
hmmm
2006-08-10 10:28:45 · answer #7 · answered by Noot 3 · 0⤊ 0⤋