I don't want them framed, I just want to start small (most places I've seen you have to invest $500-$2500 to begin. I'm looking for more like $50 just for fun.
2006-09-22 07:28:04 · 6 answers · asked by nate_lalala 2 in Business & Finance ➔ Investing
$4 -- www.sharebuilder.com
http://www.dripinvestor.com/index.asp
www.scottrader.com
Usually the Brokerage keeps the stocks.
2006-09-22 07:30:05 · answer #1 · answered by god knows and sees else Yahoo 6 · 0⤊ 1⤋
sharebuilder is perfect for what you want to do...how ever there are other ways to get stock without a broker. You can contact the company directly. Not all companies will do this so it depends on which company you want to buy. Call the investor relations department and ask if you can buy in through them. You will be expected to pay a few but usually much lower than a brokers commission.
I have done it several times years ago when I was just getting started in investing.
Different companies have different minimums so I m sure if you shop around you will find one that will let you in for something in your budget. They will also roll over your dividends for you automaticly.
Go for it.
2006-09-22 08:05:18 · answer #2 · answered by john d 3 · 0⤊ 0⤋
This isn't a good idea. Unless you're willing to monitor your stocks all day (and most people aren't), I'd go with a mutual fund. You can definately get into one for the $50 you're talking about and can invest in sectors that interest you.
My advice to my clients is to do the bulk of their investing into mutual funds and buy 1-6 stocks that interest them on the side.
Good Luck!
2006-09-22 07:43:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Sharebuilder, on-line trading, I think Tuesday or one week day, special, commission is $3 per trade.
Some of the others you mentioned, you do not have to invest $500 but you need to have $500 to open the account. The money is still in the bank.
2006-09-22 08:14:30 · answer #4 · answered by The Advocate 4 · 0⤊ 0⤋
Try ShareBuilder, at www.sharebuilder.com. There is no minimum investment, and their website is intuitive. They provide research information on stocks as well. I've had an account with ShareBuilder for several years, and am glad I do.
2006-09-22 07:36:44 · answer #5 · answered by dukefan86 4 · 0⤊ 0⤋
The Stock Market IS NOT A GAME.
If you don't have $2000.00 you should not invest in the Stock Market.
Buy a used car first and then a used house.
2006-09-22 10:26:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋