I talked to a Merril Lynch representative and he told me that you have to have $2,000 up front before they would even considering taking the time to let you pick some stocks. Is this the case for all stock companies? If so, can I just go online straight to some of these Blue Chip companies and invest online with them without even having to go through these brokers to invest in stock? For example, could I go online at Walmart or Pepsi or Mc Donald's and invest through them online?
2006-12-12 16:58:19 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
Merril doesn't want your measily $2k. this is not a dis on you, just a statement of the "status" of brokerage houses. these places suck for the investor starting out. Go online and buy what you can afford with a discount brokerage. You can also buy shares from certain companies directly. contact investor relations departments for the companies you would like to buy from. the guy above me mentioned sharebuilder.com check it out.
2006-12-12 17:02:00 · answer #1 · answered by Hushyanoize 5 · 0⤊ 0⤋
Some stock brokerages will handle your account with a minimum amount of about $500. than $50 to $100 a month for more investments. Do you have a 401K program at work. If you do ask your personal director how your company works it program.
Try companies like The Principle Group, Atnea, and independent brokers. Unless you know how the stock market works, don't do it on you own.
2006-12-12 17:06:00 · answer #2 · answered by pmz 2 · 0⤊ 0⤋
I'm not sure if you can invest straight thru a certain website without a stock broker. I personally have an account setup through Fidelity. I do think the minimum is $2,500.00. I know if you are going to invest in something under $1,000.00 you have to figure your cost/breakeven ratio figuring out the amount to buy/sell commission charges
2006-12-12 17:58:03 · answer #3 · answered by blackedge02 2 · 0⤊ 0⤋
It depends on the broker. Scottrade has a minimum of $500. You can invest directly with some individual companies for less.. Exxon has a direct investment plan for $250 minimum. You can probably start investing in something like Sharebuilder for less.
2006-12-12 19:40:17 · answer #4 · answered by jeff410 7 · 0⤊ 0⤋
around 100 it also depends what kind for example cocacola vs pepsi which product is sold most that will tell you but a good advice think investigate before you invest meber never invest all youre money in one place just cause that place is doing good i learn the hard way a year ago so now im rich again
2006-12-12 17:03:32 · answer #5 · answered by cesarbalance 2 · 0⤊ 0⤋
Two thousand is pretty standard across the board.
2006-12-12 16:59:58 · answer #6 · answered by Livian 3 · 0⤊ 1⤋
You should investigate DRIPs and DPP's
2006-12-12 17:08:06 · answer #7 · answered by samsosa2000 2 · 0⤊ 0⤋