2006-09-18 04:17:22 · 11 answers · asked by wildame12 1 in Business & Finance ➔ Investing
Wow, so many opinions.
The facts are this. Depending on broker, there is essentially no minimum to invest in a stock. Optionsxpress I think wants $200 to open your account. Other brokerage firm amounts vary as well.
The important things that you should be concerned about is do you know what you're doing? If not, then perhaps you should start by learning how to invest.
Most people lose money in the market because they aren't educated. They hear stories and find ways to buy stocks, but often don't know when to sell.
Educate yourself first, then invest. If you're already comfortable, then find the Barron's article on brokerage firms. You'll find many firms ready to help you such as scotttrade, Etrade, ameritrade, optionsxpress, and so on.
Hope that helps!
2006-09-18 18:50:25 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
My brokerage doesn't have any minimum dollar amount for buying an individual stock, but you pay the same trading commission when you buy 1 share or 5000 shares. So if you buy 1 share of a stock trading at $10, then that's $10 for the stock, and like $9 for the commission. Not a good way to make money.
I think my brokerage requires you to have a minimum of $2000 to open an account, and I'd advise you to go with mutual funds unless you have more than $10000 to invest. You don't want to make trades for <$1000, or your investment will get eaten up in commissions.
2006-09-18 11:38:07 · answer #2 · answered by tom_2727 5 · 0⤊ 0⤋
If you have less than $10K to invest, it's probably not a good idea to invest in individual stocks. Go with an index mutual fund until you have over $10K.
2006-09-18 11:25:07 · answer #3 · answered by Jimmy Crack Corn 2 · 0⤊ 0⤋
Generally yes there is. Many places require you to purchase stock in blocks.
However, if you are just interested in having a share of a company, you can visit oneshare.com. I just recently purchased 1 share of Disney for each of my grand-children. They actually received the share certificate and are considered share owners in the Disney Corporation.
2006-09-18 11:27:09 · answer #4 · answered by j H 6 · 0⤊ 0⤋
nono no, go to www.interactivebrokers.com and start an account, they will leverage your funds my 4X the amount, you put 2000 they make it 8000 and so on, but be careful, if your stock falls below the amount of cash you have in your account there will be a margin call, meaning they will automatically close your position.
2006-09-18 12:35:03 · answer #5 · answered by john g 2 · 0⤊ 0⤋
Put at least 10,000 dollars in it. I chose Suntrust back in 1995 when the sotck was at 25.6
Today it is at 75.
When you play the stock market you have to go where your money will travel and I know that AFLAC, SUNTRUST< PACIFIC are good.
2006-09-18 11:27:29 · answer #6 · answered by Anonymous · 0⤊ 0⤋
investing in mutual funds can be for as little as $500 with an automatic investment plan.
2006-09-18 11:54:13 · answer #7 · answered by Mr. Economist 2 · 0⤊ 0⤋
Different brokerages require a different minimum. Can be anywhere from $500 and up.
2006-09-18 11:21:44 · answer #8 · answered by babalu2 5 · 1⤊ 0⤋
Yes.
2006-09-18 16:11:05 · answer #9 · answered by Anonymous · 0⤊ 0⤋
ya minimum is 5000 if intrsted contact me swaroop191983@yahoo.co.in
2006-09-18 11:19:58 · answer #10 · answered by swaroop s 1 · 0⤊ 0⤋