OK- I am looking to start a portfolio - i just dont want start on a bad foot. I am a small investor- i see the M.Funds starting out at $.10-1.00- Where would i be able to buy into this - and how much would i have to give out to start?
2006-10-17 11:31:45 · 6 answers · asked by mitt w 3 in Business & Finance ➔ Investing
I have a starting amount of $300.00
2006-10-17 11:32:18 · update #1
Stay away from penny stocks until you have gained a lot of experience and have some money to gamble with. Pink Sheet shares are gambling, not investing.
contact Vanguard ... set up an index mutual fund ... if you are under 30 years old, put all of your $300 into a Vanguard Small Caps mutual fund ... the expense is low ... and the return over 10 - 20 years will be very good.
Then add to your account every month ... whatever you can ...
My last advise is ..."Live beneath your means!"
2006-10-17 11:57:22 · answer #1 · answered by Papucho 2 · 0⤊ 0⤋
Why would you want to invest in GM. Do you expect that Ford, Toyota, Honda, BMW, Mercedes Benz, VW, Audi etc. are going to stop selling cars and trucks soon, so GM can make profits. And why would you keep a stock that made money. Are you going to wait for a crash and wish you sold it. Don't become a Day Trader, but don't sit around thinking you are an Investor, where the stocks mean more than the cash on hand. It almost sounds as if you want the stocks more than the money. Never buy stocks because you like the sound of owning the company. Some times the simply things are in the money. Exxon Mobile has been making a fortune for years and they sell gasoline. Here is some advice about brokers like Merril Lynch. They create all sought of products that they claim are the best. They sell these products mostly to people who don't know what to do and use them to decide what to do. For example, you want a mutual fund, but don't know which ones and they will always know that the Merril Lynch fund is the best one and you should have it. If you don't want it, then they have a list of mutual fund families that pay them higher commissions " than others" to sell those funds and those will be the next best funds to buy.
2016-05-21 21:50:26 · answer #2 · answered by Lisa 4 · 0⤊ 0⤋
american capital funds (mutual funds) have a minimum deposit of $250 personally i like cwgfx but you have to look around for brokers that actually sell it because its a class f fund (deposits thereafter are either $25 or 50. Pink Sheet/penny stocks stay away from them.
2006-10-17 17:19:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It's the pink sheets guy. it is dangerous. Don't do it. Save to 1,000 invest in a solid mutual fund and make $100. payments per month until you have several thousand to use to invest.
2006-10-17 11:35:22 · answer #4 · answered by stick man 6 · 1⤊ 0⤋
Try http://net-new.blogspot.com
2006-10-17 15:57:59 · answer #5 · answered by netnew 7 · 0⤊ 0⤋
I suggest you to keep saving until you have at least $2,000.00
2006-10-17 12:15:13 · answer #6 · answered by Anonymous · 0⤊ 2⤋