What is a minimum amount to start investing in shares?
2006-11-30 23:08:35 · 8 answers · asked by Jase R 1 in Business & Finance ➔ Investing
Well, I would say 100 million dollars should be OK for a start. But seriously, I mean does it matter what the right amount is if you dont have it???
Its quality and not quantity that matters in the investing game. Diversification, keeping up to date on all relevant information and not tinkering with your portfolio are far more important than the amount of money you invest. More money does not necessarily equate more success or success at all.
Warren Buffet din't start with a lot of money but he used the commons sense that he seems to have in buckets and now he's the 2nd richest man in the world. Go figure.
Have a Nice Day!!!
2006-11-30 23:14:56 · answer #1 · answered by Beeswax 4 · 0⤊ 0⤋
The minimum will vary due to what you are investing in.
If you want to start buying stock that you can get directly from the company and NOT pay a broker for, then each of those companies have a minimum amount and it varies from company to company. The smallest amount I have seen for a company is $25.oo. But that was a few years ago and they could have changed.
The stock market on the other hand, if you go through a broker will require you to give them a minimum as well. Sometimes as little as $500.
Online brokers do the same.
2006-12-01 10:04:14 · answer #2 · answered by Kitty 6 · 0⤊ 0⤋
There is no minimum. To be serious should not start a brokerage acct with less than $1000 though sharebuilder.com lets you but at a price. If no Ira start 1 at schwab.com or wherever & can invest $1000 in a mutual fund & save on taxes. Don't trade - invest.
2006-12-01 09:15:01 · answer #3 · answered by vegas_iwish 5 · 0⤊ 0⤋
Most I've worked with that have asked this question were not ready to invest. Examine your debt. Do you have thousands on cards at double digit rates? Student loans, car loans at 7% or higher? If so, you're better off paying it down rather than making minimum 'investments.'
If those are in check, a good place to start is with mutual funds with monthly automatic contributions generally as low as $50. Hope this helps.
2006-12-01 08:50:19 · answer #4 · answered by Scotland 2 · 0⤊ 0⤋
There is no minimum amount required by NYSE etc to invest in stocks. The company or website handling your trades may have a minimum required - but try Sharebuilder - www.sharebuilder.com - they don't have a minimum at all and they have good trade pricing.
2006-12-01 08:56:18 · answer #5 · answered by Cheryl S 2 · 0⤊ 0⤋
There is no minimum to invest in the market, however to open up an account in a brokerage firm you will need about $2,000.
Believe in yourself!!
2006-12-01 10:21:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋
none - just purchase price of shares or req'd magin collateral. some brokers have min account opening $$$ but most do not enforce.
2006-12-01 07:11:19 · answer #7 · answered by Anonymous · 0⤊ 0⤋
$4.96 USD (TradeKing)
2006-12-01 20:20:32 · answer #8 · answered by Anonymous · 0⤊ 1⤋