My dad just gave me $120 to invest in whatever i want. im looking to do it online but all of the investment companies have minimum amounts of $500 or more to start an account. is there anywhere i can go form under $200? under $150?
2007-01-05 15:53:54 · 9 answers · asked by Alex F 2 in Business & Finance ➔ Investing
No amount is too small to invest, especially if you are starting when you are young. The thing with investing lower amounts is the brokerage fees you have to pay in order to buy stocks. For example some places charge upto $20 per transaction. So if you are investing $100, 20% of your money is already gone (to the broker). So the first thing is to find a low brokerage fee that lets you invest most of your money.
Sharebuilder.com charges $4 per transaction (to buy stocks) with no account minimum. That will be 3.33% of your money ($120) to pay for brokerage commission, but it is better than 20% that some places charge. One bad thing is, if you want to sell whatever stock you bought, Sharebuilder charges nearly $15 to sell. This is to discourage rapid buying and selling, but it's pretty steep. So, Sharebuilder is good if you want to regularly invest small amounts of money to gradually build your investments and you intend to keep your investment for a fairly long period of time.
Another low cost option is SOGOINVEST.com. They charge only $3 per buying transaction. Actually if you trade regularly, for a $15 monthly fee, you can reduce per transaction cost to $1 (but it is not wise in your case).
So Good Luck, and invest regularly (save more of what you earn and invest that)
Look into buying Exchange Traded Funds (ETFs)
2007-01-06 01:59:12 · answer #1 · answered by FLeabag 1 · 1⤊ 0⤋
Hi.
It is very small amount. But I could introduce you to one brokerage company in Austria that allows to trade from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available, spread from 1 pip, Minimum accoun openning deposit USD150. I could provide you for free with trading techniques that I successfully use for several years if you open trading account under my referral.
If you are ineresting and/or have any question please do not hesitate and pm or e-mail me (press on my name)
Good luck!
2007-01-05 19:16:33 · answer #2 · answered by VP 3 · 0⤊ 1⤋
relies upon...in case you may run a rewarding employer (that's the factor of commencing a employer) then why won't be able to you do the two? in case you had to do one or the different, i could say inventory. inventory makes money with no need to look and open a employer on a daily basis.
2016-12-12 05:03:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
why not invest in Sir Daddy. He's a very viable, worthy investment, who only improves as time goes by.
2007-01-05 16:00:30 · answer #4 · answered by Anonymous · 0⤊ 1⤋
I have an account, send me the money and tell me what stock you want, I'll but it in my account, and when you want to sell, just e-mail me!
2007-01-05 15:57:45 · answer #5 · answered by Anonymous · 0⤊ 1⤋
The best place I know of is Charles Schwab.
2007-01-05 16:01:38 · answer #6 · answered by MadforMAC 7 · 0⤊ 1⤋
TradeKing.
2007-01-05 19:21:18 · answer #7 · answered by Anonymous · 0⤊ 1⤋
you can go to this web site to do stock & crap nyce.com
i use it all the time.
2007-01-05 15:58:05 · answer #8 · answered by lexie b 1 · 1⤊ 0⤋
There may be something of use here.
2007-01-07 00:29:59 · answer #9 · answered by bill b 2 · 0⤊ 0⤋