I am a young kid looking into college and I enjoy the stock market but have never actually got into it. Is there a way I can get into buying stocks cheaply and being able to watch them day by day to see how they do?
2006-12-23 03:16:27 · 12 answers · asked by A.J. B 1 in Business & Finance ➔ Investing
Go to investapedia.com They have a simulated account you can use to invest an "imaginary" $100,000 they give you and see how you do with money that doesn't cost you if you mess up. People can and do make some serious profit investing in penny stocks,,,,,but most folks don't fare that well...... Good luck!!
2006-12-23 12:37:25 · answer #1 · answered by SantaBud 6 · 0⤊ 0⤋
There are many stocks in small companies that are less than $5 per share.
As a novice investor, you should be concerned with the potential value of the stock you buy, not that it's "cheap" today.
If you have $200 to invest, you will get 40 shares of a $5.00 stock, but the stock may not have long-term growth potential.
Take the same $200, and you might buy 10 shares of a $20 stock, one that you feel has better growth potential.
Good luck.
2006-12-23 03:26:02 · answer #2 · answered by David545 5 · 2⤊ 0⤋
There are hundreds of stocks available on the over-the-counter market for $5 or less. You can track the activity online. However, unless you are very experienced in this market the chances of making a wise (profitable) investment would mostly depend on luck since such stocks generally do have enough of a track record on which to base your buying decision.
2006-12-23 03:25:52 · answer #3 · answered by Latigo 3 · 1⤊ 0⤋
If you mean buy stocks which have a price at $5 per share or less, this is probably not a good idea. Usually companies with stocks at this price are struggling. It is kind of hard to do, but if I were you I would pretend to buy some stocks and then see how it goes from there. You can do some online virtual trading, possibly at http://www.virtualstockexchange.com/Game/Homepage.aspx. I like to get stock advice from http://www.valueline.com or http://www.marketedge.com.
2006-12-23 03:29:04 · answer #4 · answered by Gary B 3 · 2⤊ 1⤋
you're suited to decrease your selections for quite a few motives, the main suitable one being that commissions will kill you. i could bypass with out greater desirable than 2 shares, possible be greater useful. here is an occasion of why utilizing 3 shares: purchase 20 shares inventory A @ $7 consistent with share = $ $a hundred and forty purchase 20 shares inventory B @ $9 consistent with share = $one hundred eighty purchase 10 shares inventory C @ $10 consistent with share = $ a hundred and fifty entire shares owned = $ 470, commissions took $30 enable's say that A is going up 10%, B is going up 5% and C loses 5% (enormously reasonable) You sell for a entire of $ 485.50 based on the percentages above. yet you lose yet another $30 on commissions so which you internet $455.50. you have lost $40 4.50 (9%) on your trades even although 2 of them had enormously decent advantageous factors.
2016-10-18 22:09:19 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Scottrade.com is a stock brokerage, that does $7 trades and has a $500 minimum to open an account.
Sharebuilder is another option. I think they charge $4 or $5 per purchase. However they don't offer options like limit orders or Stop orders, which can be important.
2006-12-23 03:23:09 · answer #6 · answered by Uncle Pennybags 7 · 1⤊ 1⤋
Go to one of the companies that allow you to make a fake portfolio. You can play in the stock market, but not lose any money.
2006-12-23 06:22:37 · answer #7 · answered by Nelson_DeVon 7 · 0⤊ 1⤋
Sharebuilder.com allows you to buy stocks for that as a minimum purchase, and even if a stock is worth more than that you can buy them in fractions, as they buy all their customers stock in one huge purchase, and shares them out in the appropriate amounts to their customers accounts
2006-12-23 09:58:33 · answer #8 · answered by Anonymous · 0⤊ 0⤋
They are called penny stocks. There are a lot of them.
2006-12-23 03:18:00 · answer #9 · answered by jj76 2 · 1⤊ 0⤋
5 dollars man do at least 100 you wont even get half a share
2006-12-23 03:18:05 · answer #10 · answered by Anonymous · 0⤊ 1⤋