I know it's a small amount, but i want to start safe and kind of see how things work. any good cheap stocks out there? Who can i invest through?
2006-11-20 12:51:14 · 13 answers · asked by carlsbadomar 1 in Business & Finance ➔ Investing
deep discount brokerage...like scottrade, e-trade....
you don't want commissions eating up much of your $500
start with something relatively safe...
I would recommend a high dividend paying stock....so that you are getting something while you save up for your next investment
what to try???
USA, ASG, IAF, GIM
CNE, PGH, PDS, ENT, BTE
These are relatively inexpensive and pay a nice dividend....
good hunting
2006-11-20 12:57:58 · answer #1 · answered by Gemelli2 5 · 0⤊ 0⤋
You need to do a lot of homework...
Safe? With $500? For sure you can't buy any 'safe' shares with that kind of outlay. You would only be able to afford high risk small cap stocks. Then, maybe you would lose money and then decide that investing is no fun.
Come back when you have saved more money for investing, say $10k esp for stocks.
If you have $1k and want to 'play it safe', invest in mutual funds.
2006-11-20 14:21:51 · answer #2 · answered by floozy_niki 6 · 0⤊ 0⤋
I think the best way to get started is to first study what the best traders are buying and selling. This is the idea behind the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck!
2006-11-20 14:49:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I actually started with a local broker and invested in mutual funds while learning all the time about how and why the market works and now I am on my own and have etfs to boot. I actually recommend this tatic despite paying up front for the commissions fees the advice you get can't really be ignored.
2006-11-20 13:53:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If that's all your going to invest, you'll get killed on transaction costs.The smartest thing to start out with is a mutual fund. Look at SPDRS (or "spiders") which track the performance of the entire S & P 500.
2006-11-21 06:32:15 · answer #5 · answered by Robert J 1 · 1⤊ 0⤋
Have someone look at Chesapeake Energy. They just build a high dollar office complex, and bought a golf resort on Lake Texoma, so they are expanding and broadening their bases. My stock with them has been a slow steady growth, they alone won't retire me, but I've not lost any with them in several years. I use Wachovia, (formerly Prudential) my guy calls me at least once a month, and their transaction fees don't eat me up.
2006-11-20 12:55:28 · answer #6 · answered by ihave5katz 5 · 0⤊ 0⤋
check out Jim Cramer's practice "Mad money" on CNBC. Mad money is broadcast weeknights at 6 pm and returned at 11pm. If all of us has a reliable thought for the kind you will possibly desire to make investments your $500 it would be Cramer.
2016-10-04 04:46:06 · answer #7 · answered by lyon 4 · 0⤊ 0⤋
try a company called "Sharebuilder" www.sharebuilder.com
open your account, then try some stocks not so pricey now, like Ford at $8, buy 100 share lots (best to sell when time comes)
Ford is a great brand, 2 to 3 years go back up really good !
They make the best car, I own one.
2006-11-20 12:57:20 · answer #8 · answered by The Advocate 4 · 0⤊ 0⤋
all of them are wrong, ur best bet to start of with that is safe is verizon wireless, they have a steady growth rate and have grown ten percent in a half a year. not to mention now they are slighty down about to go up, making now the best time to buy it.
2006-11-20 14:41:22 · answer #9 · answered by ali 2 · 0⤊ 1⤋
Headwater, ticker symbol HW
2006-11-20 12:53:53 · answer #10 · answered by eddygordo19 6 · 0⤊ 0⤋