How much do you need to open an investment account for stocks, mutual funds, bonds, and etc. Thanks.
2007-01-21 03:24:32 · 10 answers · asked by itguru5354 1 in Business & Finance ➔ Investing
It depends. For Sharebuilder.com just the amount that you wish to invest in the stock of your choice. Same with OptionsXpress. Scottrade has a $500 minimum, other brokers somewhat more. For a mutual fund, it depends on the mutual fund. Some about $250, others much much more. For bonds, you will need enought to purchase one bond, around $1000 depending on the current quote.
2007-01-21 05:08:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
That's a very good question. The amount you need to open a mutual fund varies quite a bit... one of the lowest I've seen is $250 (American Funds is one example). You could also own a bonds fund for that same amount as well. To purchase stock, that really varies on the price of the particular company. I know this for a fact: you can purchase just one share, plus commission. So, if you would purchase one share, of say General Electric at $37 per share and used Scottrade (online discount broker that charges $7 for that transaction), that would cost $44 to open an account. As for bonds, the par value is $1,000... you could pay more or less depending upon it's maturity. Hope this helps.
2007-01-21 03:35:55 · answer #2 · answered by Mike S 7 · 0⤊ 0⤋
Minimum varies with individual company stocks, mutual fund stocks. You can start with as low as $50. Check out Yahoo Finance section or CNN Money.
2007-01-21 03:30:44 · answer #3 · answered by inquisitive_me 1 · 0⤊ 0⤋
You can start with $0 and make monthly deposits of as little as $50. In fact this is a great way to invest you not only teach yourself discipline with investing you also will dollar cost average into your investment.
First though before you start identify your investment objective. This is very important b/c it identifies why you are investing your risk tolerance and time line.
2007-01-21 03:45:55 · answer #4 · answered by Happy to help 2 · 0⤊ 0⤋
It depends entirely on the brokerage firm.
Since you use the Internet I would suggest E-Trade.
Go here to read about their options and if you want open an account. https://us.etrade.com/e/t/welcome/openanaccount
I think E-Trade has a $1000 minimum to start.
If you feel you will need to deal with a live person check your local yellow pages for investment houses in your area. Stay will a name you recognize.
2007-01-21 03:28:41 · answer #5 · answered by Anonymous · 0⤊ 0⤋
How old are you and why are you planning to invest in stocks?
2007-01-21 03:31:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋
the suitable economic company to economic company with is STATE economic company OF INDIA. their provider ,quotes and atm koosks are inmatched having pan india presence. in spite of if their provider at branch is little vulnerable in spite of if their quotes are minimum whilst in comparison with axis and icici and overseas economic company even their quaterly month-to-month stability requirement is rs,1000 on an identical time as axis and forign is rs.ten thousand in saving account
2016-12-14 08:25:43 · answer #7 · answered by ? 3 · 0⤊ 0⤋
I think Schwab is about $5K and I recommend them because the agents cannot do trades (churn) your account to make commissions. You can ask them questions but you make all your own decisions.
good luck
https://www.schwab.com/
2007-01-21 03:35:00 · answer #8 · answered by kate 7 · 0⤊ 0⤋
About $2,000
2007-01-21 03:33:29 · answer #9 · answered by Anonymous · 1⤊ 0⤋
Hey Buddy, you got a buck?
2007-01-21 03:30:14 · answer #10 · answered by Eva 5 · 0⤊ 2⤋