2006-09-16 15:09:14 · 20 answers · asked by jc 2 in Business & Finance ➔ Investing
For one thing, the sharebuilder service can start with such small amounts. You will want to pick something with a relatively small price, berkshire-hathaway and sears holding are out for your budget. But companies like Lucent and Gateway aren't.
There are some companies with very, very small prices. Usually, that is for very good reason. But there are some surprises to be found. I paid something about like that amount for a thousand shares of nanoviricide (NNVC) and sold it off in pieces months later at prices between $1 and $3 a share after it got some serious support for their work against SARS and the avian flu. I bought into Liberty Star Gold at the 2-3 range, but you can get into it now at about 60 cents a share (lots of gold and uranium mining claims, but no mine). Buying odd-lots of these bulletin board stocks is a little difficult at times, so you might want to scare up a few more dollars and buy the full lot.
There is risk, loads of risk. I bought into a Voice-Over-Internet Protocol (VOIP) company that sold to businesses when VOIP was a buzz. I figured that the company would be bought out--it wasn't. They sold their block of business alright, paid off the senior shares (watch for stock classes) owners and then merged with a little company that had a tin mine in Nevada. Several hundreds of dollars for my small stake has since dwindled to about $11, up from $6 recently--which even at Scottrade, it would essentially cost more to sell than the stock is worth.
For very cheap stocks, it might almost be safer buying lottery tickets, but if you are careful, and lucky, it can make up for things at times. I had a chance to buy Nortel at 50 cents a share and it ballooned up to over $8 a share for a while. I only got a little piece of that roller coaster, its back to about $2.30-something now. Good luck--you'll need it.
2006-09-16 15:40:39 · answer #1 · answered by Rabbit 7 · 2⤊ 0⤋
A savings bond is about all that you're going to be able to get for $50. And with the interest rates as they are right now, it's really not a very good investment. You'll barely be beating inflation.
2006-09-16 22:17:28 · answer #2 · answered by chemicalimbalance000 4 · 3⤊ 0⤋
Fifty bucks, not much at all on it's own. If you will be sure to add another fifty to it each month then there are many things that can be of benefit to you. IRAs 401Ks and many other funds. I started saving when I was 14 and planing. I retired at age 54 and began doing what I wanted to do and not having to do to earn a living. I was never wealthy. I have enough to live well and need no more than that.
2006-09-16 22:38:01 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Why not buy some decent yard sale items and sell them on Ebay to make $50 more (after paying fees)??? Then take that $100 and turn it to $200, then $500, then $1,000 and then ask us what to do with that $1,000. Watch what you buy. Make sure you would buy it for the price you want to charge. You won't get enough of a return out of $50 as you would from buying and reselling items at profits but it is possible to double your money and then triple your money, etc.
2006-09-16 22:49:38 · answer #4 · answered by Anonymous · 1⤊ 1⤋
Yes, there is a program called "DRIP" direct reinvestment plan. It lets you put as little as $50 into a share of stock, and there is usually no cost, and you can add to it a little at a time.
http://www.dripinvestor.com/FAQ/drip_faq.asp
Minimum investment can be as low as $10.00
Congratulations for asking this question - I put $250 in Exxon in 1993, it is now worth $7,000!
2006-09-16 22:12:39 · answer #5 · answered by Anonymous · 2⤊ 0⤋
You could use $50 to enrol in an enrichment course (foreign language, writing skills, cooking, gardening, art, dance, computer skills etc). The certificate may help you eventually when you apply for a job. Besides, you can learn more about your true passion in life. You may even choose a job that allows you to pursue your true passion.
2006-09-16 22:21:13 · answer #6 · answered by citrusy 6 · 1⤊ 1⤋
Invest it in stocks read some tips and articles on investing and more on this site
2006-09-16 22:11:50 · answer #7 · answered by Anonymous · 3⤊ 1⤋
If $50 is your price, I'd use it to pay outstanding bills if you have them. Good credit is a good investment.
2006-09-16 23:46:06 · answer #8 · answered by Soph 2 · 0⤊ 1⤋
A savings bond would be a good start. It will also come in handy when you go to collage and / or buy a car.
2006-09-16 22:15:46 · answer #9 · answered by Deb 2 · 3⤊ 1⤋
Internet, Sales, Mailorder, Bartering,
distributorship try: www.dollardaysplus.biz
ddp@jetstream.net
2006-09-16 22:22:25 · answer #10 · answered by Anonymous · 1⤊ 2⤋