actually $100 is all i can raise for now, i live the third world, or i should just forget about it all together.
2006-12-26 11:24:22 · 6 answers · asked by collie 2 in Business & Finance ➔ Small Business
I would suggest sharebuilder as they have no minimum for opening an account. Just be aware that the fee for trading just one stock could very well eat up 10% of your $100.
2006-12-26 11:28:38 · answer #1 · answered by Jacy 4 · 0⤊ 0⤋
Forget about it. Stocks make money through dividends or the rise in price. Any stock under $1 is considered Over the Counter. They are not reported on the NASdEQ/NYSE etc. Consider the stock made an astounding 50 cent increase - That would net you about 38 dollars. You have brokerage sell/buy fees and stock validation fees. There are very, very few stocks at that price that leap that high in price - that is why they are so cheap.
A rule of thumb is if you can't afford to lose it, don't invest it.
Try a micro-economic loan program in your country. The rewards, financial and emotional, will be much greater.
2006-12-26 11:30:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I don't know what country you live in but don't risk all your money, if you want to save and invest that's fine but be prudent. You first need to open a bank account in the US, but that could be difficult for you, then you could transfer money to an on line trader like Sharebuilder.com, Scottrade or Ameritrade. Another option are financial institutions in your country.
2006-12-26 11:34:50 · answer #3 · answered by Gustav 5 · 0⤊ 0⤋
That depends on the suitability of the market where you live. In the US you would be rejected by all brokers for lack of reserves and possibly net worth.
2006-12-26 11:27:37 · answer #4 · answered by golferwhoworks 7 · 0⤊ 0⤋
there grew to become right into a learn executed with monkeys, kindergardners and inventory brokers. kindergardners picked the shares they knew: Disney, toys'r'us, and so on. inventory brokers did it their way. Ststistics, and so on. And the monkeys picked shares via throwing darts at a wall.. long tale short.... inventory brokers got here in final. monkeys 2nd, and kindergardners got here in first... %. shares you know of and purchase products from.
2016-11-23 18:37:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋
try Sharebuilder.com they let you invest as little or as much as you want.
2006-12-26 11:28:36 · answer #6 · answered by Scrigy 3 · 0⤊ 0⤋