I want to invest a little at a time while I'm paying off old financial aid crap, car, house, etc. Where do I start?
2007-02-06 00:19:08 · 7 answers · asked by tilley 1 in Business & Finance ➔ Investing
I am not certain what your definition of "a little" is. I am going to assume you are talking maybe less than $100.
I want you to check out American Funds. Once you set up an initial account with one of their funds for $250, you can add to your investment in amounts of $25 and up. Here is the link.
http://www.americanfunds.com/default-home.htm
These funds do have a front end load of about 5.75% but considering if you were to buy stocks in small amounts, you would be paying perhaps as much the load is not bad. The funds have low expense ratios and most have excellent long track records. And they will provide you with a diversified holding of equities.
2007-02-06 01:06:11 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Never take stock tips. (Worse... taking stock tips from strangers,whose qualifications and motives can never be known). Never pick a broker because of costs (it's part of your decision... not the driving point). Don't buy penny stocks until you've traded at least 5 years or more (or never... as most professionals). Never buy a stock without an exit plan. Don't buy one stock without reading 4 - 6 books on trading &/or investing. Schwab and Fidelity are better for "newbe's". Did you know that the 100 free trades are only for the first 30 days on ETrade? Don't buy books, take courses, buy software etc., that promises you incredible results....................................
2016-05-23 23:10:24 · answer #2 · answered by Betsy 4 · 0⤊ 0⤋
I was with E-Trade for several years and thought it was a good investment location. For one thing, it is a bank and it has good rates on things like CDs and passbook accounts. E-Trade also has very reasonable costs for stock transactions.
I ultimately went with a financial planner who put me into other investments but I still like E-Trade. You can get more info at the link below.
2007-02-06 00:29:25 · answer #3 · answered by pvreditor 7 · 4⤊ 0⤋
Learn from the above - no financial planner. No Hsbc either - another bank & with banks you lose. American Funds Ok but if have at least 1000 or more then schwab.com gives more options.
2007-02-06 01:26:53 · answer #4 · answered by vegas_iwish 5 · 0⤊ 0⤋
well if you search for the cheapest site - you are likely to come across with the scam ones. i have the one which is not so cheap but the best one for me, at least now (don't want to promote it here in the thread, it is illegal and might be treated like spam). You just e-mail me and i will show you my ideas.
2007-02-08 04:24:34 · answer #5 · answered by jack77mill 1 · 0⤊ 0⤋
definitely the cheapest and the most profitable is http://4xgenie.com , you'll be surprise how great it is.
code for free week (no credit card needed) is MSMS555
Good luck!
2007-02-06 02:27:27 · answer #6 · answered by vivien 2 · 0⤊ 1⤋
6.00 % APY at www.hsbcdirect.com is available now. I love everything about hsbc direct
2007-02-06 00:44:39 · answer #7 · answered by JustPeachy !!! 5 · 0⤊ 0⤋