I want to invest in some stock. What is the minimum required and how much money would I need going into it?

Answer 1

The minimum required is the price of one share, which depends on the company. You will also have to pay your broker a fee that varies from about $10 to $50, depending on your broker.

You'll need to open a brokerage account and/or an IRA, and deposit money, similar to a bank account. I've listed some popular brokers below.

First thing you should do, though, is learn about investing. Check out the Motley Fool-- they have some decent beginner information.

Answer 2

The key is trading commissions and minimum required deposit. Scottrade charge $7.00 per trade and requires a $500 deposit to begin. However, they also require that money for purchase be in the account prior to a purchase.

Now to get serious. Though $500 is the minimum, I would not consider investing in stocks with only $500. Too much risk. You can afford to buy only a few shares of one stock. With less than about $5000, I would recommend investing in a mutual fund. Less risk because there is more diversification. However, even mutual funds have a minimum. Front end load funds have a lower minimum than no load funds. American Funds is a load fund (they charge 5% to purchase the shares) But their minimum is $500 and their expenses are lower than many no load funds. And they have an excellent track record.

Answer 3

Depends on how you buy it. Some companies will sell it to directly, other stocks you may have to buy at a brokerage. Try sharebuilder.com for $10 a month you get 6 automatic trades each month and you can make additional sales. But it sets you up with the opportunity to make minimal investments or large investments and saving money regularly is a prescription most people say is needed for financial success.

If it is just a one time purchse go to a brokerage or the company directly and buy the stock and have them register you as the shareholder of record and those shares and certificate can be issued to you.

I say read Jim Cramer's Book "Real Money Sane investing for an insane world"

Answer 4

Different brokers require different amounts of a minimum investment to open an account with them.

http://www.tradewiser.com/brokers.html

http://www.stockwiz.com/brokers.html

Answer 5

it depends on the stock some are free to start. but to invest, it depends. some go for a penny some go for 20 dollars and some for more. but you also have to pay someone to do it for you. i forgot the name but all he does is do the deals for you but he gets paid by you.

Answer 6

There is NO minimum.

Answer 7

scottrade.com