I little knowlege of the stock market but want to invest online. how much money do i need and how do i do it?

Question

Can i invest for under $1000.

Answer 1

Log onto E-trade...you can fill out an app and set up an account on line...with $ 1000. you'll be limited to small buys for awhile but you'll make some money and be buying bigger somewhere along the way.
look into ETF's at http://beginnersinvest.about.com/
along the left side of the page are a bunch of "info" links...read up, be a little cautious....good luck.

Answer 2

You can definitely invest for less than $1000. There are many different websites that allow you to invest online. Check out this link: http://www.fool.com/dbc/dbc.htm. It compares a few different choices for you. For you, the main thing you want to avoid is any site that has a minimum account balance. Once you find the site you want, just find there "open a new account" link and the process from there is pretty straightforward. Most will ask basic personal information and run credit checks on you. They will also provide a few different options for depositing money into their account.

Answer 3

yea you can...its just that your returns will not be as great. I invest small but I invest in penny stocks so i can double or triple my money but it involves a lot of risk.

Going back to your question..you need to open a brokeage account with a bank or insutition. I use tdwaterhouse because they are convient and they open late.

its usually free to open an account. commission is around 30 bucks