i was looking in buyng stocks. i want to make about $500-$700. i want to invest small time what shoulds i do. i dont want to spent a lot of money and want to make little money just enough to pay for one of my bills.
2006-08-17 07:04:42 · 11 answers · asked by Anonymous in Business & Finance ➔ Investing
If I understand you correctly, you want to invest in stocks for a short period of time and be guaranteed to make money to pay an upcoming bill.
Ain't gonna happen. The stock market doesn't work like that. Are you OK if your stocks lose money instead of make money? If not, then you should not look at stocks.
Instead you should look at a high interest online savings account like Emigrant Direct. They're currently paying 5.15% APY guaranteed! If you have a time horizon of more than a few months, but less than a year, then maybe a CD would be better.
If you want to RISK your money in the stock market, but do not know anything about individual stocks, then you should buy an exchange traded fund like (stock symbol) SPY, which essentially is buying part of the S&P 500 index. It's a good way to buy into the overall market without betting on individual stocks.
2006-08-17 07:44:57 · answer #1 · answered by Uncle Pennybags 7 · 1⤊ 0⤋
Hi, i know what your question means. i also think stock market is a nice place for investing.
I found some useful tips in stock trading. It includes stock basics, how to protect your profit, find a potential increase share, control and manage stock risk, when to sell/buy stock and so on.
http://www.bernanke.cn/stock-trade/
Best Wishes && Good Luck!
2006-08-18 02:12:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
What is your bill?
If credit cards, take that money you would invest and pay it off, unless you can stand the greater risk and reward of stocks.
What is your deadline?
Usually bills are not going to ait around for you to pay them. Sharebuilder is probably the best if you have time but no inclination to pick stocks.
Otherwise, play online poker.
Good luck!
2006-08-17 07:28:29 · answer #3 · answered by kcincon 3 · 0⤊ 0⤋
If you were told to jump off a bridge,would you? First decide if buying any stock is appropriate for your circumstances.
2016-03-16 23:21:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋
well if you buy stock always sell on on the day before it close's so the war won't damage you if anything happens
2006-08-17 07:13:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋
u just open an account with share broking companies like sharekhan and india bulls. n u can buy and sell the shares through shares agent. n u earn huge money
2006-08-17 07:10:45 · answer #6 · answered by rsampathrajan 1 · 0⤊ 0⤋
How much do you want to invest and how long do you want to wait for your $700.00?
For example, if you invest $7,000.00 USD at 10% you will get $700.00 USD after a year.
2006-08-17 15:31:40 · answer #7 · answered by Anonymous · 0⤊ 0⤋
read tips and articles on investing and stocks that will help on this site
2006-08-17 08:03:24 · answer #8 · answered by Anonymous · 0⤊ 0⤋
if you're looking to make little money, you should invest in like... cash.
i think the return is real little
2006-08-17 07:09:58 · answer #9 · answered by Anonymous · 0⤊ 0⤋
share builder .com
2006-08-17 07:10:33 · answer #10 · answered by ? 6 · 0⤊ 0⤋