I have never really invested in the stock market before but there is a company that just went public that i want to invest in....how should i go about doing that? I am most interested in an online firm - and I only have a few hundred dollars to invest (200-400)
Advice? Tips?
Thanks!
2006-09-29 04:26:46 · 6 answers · asked by friskygimp 5 in Business & Finance ➔ Investing
I've been using e*Trade for aboput five years now, and I love it. it is easy to do, and you can transfer money in and out of your accounts there elecronically from other banks. I highy recommend it.
2006-09-29 04:29:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Scottrade is only $7/trade and doesn't nickel and dime you on other fees. However, keep in mind that even with only $7 commissions, you'll have to make up to a 7% return on your stock just to break even ($7 to buy, $7 to sell) on such a small investment.
2006-09-29 11:36:00 · answer #2 · answered by monger187 4 · 0⤊ 0⤋
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2006-10-01 15:09:35 · answer #3 · answered by pradip k 2 · 0⤊ 0⤋
use {buyandhold.com} this charges you 6.99 each month to hold your investments and allows two trades (buy and sell). it gives you a chance to research stocks and invest in the ones that you want. the only minimum is $20 for each purchase. good place to start for new investors.
hope this helps!
2006-09-29 11:30:40 · answer #4 · answered by Rich C 3 · 0⤊ 0⤋
Try Scottrade, their commission is $7 for major stock exchanges with no minimum number of trades. Check it out first.
2006-09-29 11:28:46 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Smith-Barney. Save up about $1,000 and start an IRA. It's a good way to start investing and you're less likely to lose your money on these wild start-up outfits.
2006-09-29 11:52:35 · answer #6 · answered by christopher s 5 · 0⤊ 0⤋