why?, how?, where?, Im a college student and willing to risk 100 dollars.
2006-09-09 10:57:13 · 12 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Yeah before I invested $200, and got it up to $2000, but then I made abad move and it went down to $80
2006-09-09 11:03:03 · answer #1 · answered by Voxtar 4 · 0⤊ 2⤋
If it were worthwhile, everyone would do it. If it wasn't, no one would. It's gambling, basically. Just because you bet 100 dollars it doesn't mean you're going to get anything back. Search stocks on the internet and check everything out. I recommend watching the stocks for a while before investing to see which ones are better than others. One site to look at is www.finances.yahoo.com .
2006-09-09 11:05:23 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Adam J is right. $100 isn't worth the effort of investing in stock, as the fees will kill you.
There really isn't a lot you can do with $100. If you could make a 10% profit in one year, that's about average. It's just not worth tying up the money just to make $10.
2006-09-10 03:33:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋
In general I wouldn't recommend trying to invest such a small amount of money for the following reason:
First brokerage houses charge you to buy or sell shares of stock. These fees are likely to be at least $15 on any small account and could be higher on a very small account. Additionally many brokers charge yearly fees (Etrade charges $50 for example) for small accounts that are relatively inactive. For these reasons your $100 will likely just be gobbled up by fees. I would save up more money (3-5k) and come back.
2006-09-09 11:05:20 · answer #4 · answered by Adam J 6 · 1⤊ 0⤋
Don't do it, the best strategy for you is to invest your money in either a bank account with a decent interest rate or get a bank CD. As a general rule you shouldn't invest in stocks unless you have a minimum of $1000.
2006-09-09 11:09:15 · answer #5 · answered by ztyvand 2 · 1⤊ 0⤋
I'd just put the $100 in a money market account, or use one of those Share Builder accounts that banks offer. Don't be so anxious to try to make a quick fortune off of $100, the odds of that happening slim to nil. ING Direct, Capital One, and several other banks are offering Money Market savings account paying 4.5-5% ... put your $$ in there and keep it safe, and watch it grow.
2006-09-09 13:33:39 · answer #6 · answered by CactusFlower 4 · 0⤊ 0⤋
How approximately in a value reductions account, do it 10 circumstances over, then you certainly've got one thousand$ to take a place after which call a financial consultant extremely of fishing on the internet for solutions from armchair/weekend financial advisors.
2016-11-07 00:08:49 · answer #7 · answered by ? 4 · 0⤊ 0⤋
Just don't invest any money that you cannot afford to lose. If you want to hold on to that money, you may want to invest it in something that may have a lower interest rate but has zero or little risk.
2006-09-09 11:07:18 · answer #8 · answered by Paula P 4 · 0⤊ 0⤋
u should invest it in options and go big or go broke
ur not gonna make a lot in stocks with just 100 bucks
2006-09-09 10:58:35 · answer #9 · answered by Anonymous · 0⤊ 2⤋
Informative discussion, just what I was looking for.
2016-09-20 11:39:31 · answer #10 · answered by marilee 4 · 0⤊ 0⤋