2007-01-01 12:38:17 · 4 answers · asked by frederick f 3 in Business & Finance ➔ Investing
You can buy lots of shares in a cheap stock, or fewer in a more expensive stock, but it's still the same $500.
Personally, I'd send it to Exxon's Dividend Reinvestment Plan, where they will invest the full amount at no charge, no fees, so you automatically make $12.95+ (2.^%) from not paying fees. Then, they buy partial shares, so you don't have to round up to a full share price. And they reinvest the dividends for free. And it pays a dividend, so you make money between buying and selling. And I think Exxon was up 33% or more last year.
2007-01-01 16:58:55 · answer #1 · answered by Katherine W 7 · 0⤊ 0⤋
Well, the stock market is going to be closed until 2/3, so you have another day to figure things out.
2007-01-01 20:46:19 · answer #2 · answered by clarity 7 · 0⤊ 0⤋
Some companies you might have heard of that are low:
Bally's Fitness (BFT). $2.45 a share. Might be a good play because of the obesity/new years resolution?
Capstone Turbine (CPST). 1.23 a share.
NTN Buzztime (NTN). 1.37
Spanish Broadcasting (SBSA) 4.11
Denny's Restaurants (DENN) 4.71
Generally, penny stocks like these are more of a gamble than in invstment. Don't be dumb and throw too much money at the pennies.
Good Luck and Happy New Year
2007-01-02 00:09:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
why wait until Feburary? and just look on financial sites like www.amex.com (they actually have a great screener) plenty of ideas one that is sure to suit you.
Or you mean JAN 2nd? Which yes the market is closed and will reopen on JAN 3rd?
Still do some research.
2007-01-01 20:45:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋