The cash amounts aren't that large... a thousand to start and then hundreds periodically. But I can't afford to pay huge fees and keep minimum amounts that are beyond my reach. Any advice?
Also, I earn some money online with Paypal. Is there some way to dump that into online investments without having to have a check cut, sent to me, then have me send it somewhere else...?
2007-03-15 09:04:31 · 2 answers · asked by Neerdowellian 6 in Business & Finance ➔ Investing
www.sharebuilder.com charges just $4.95 to buy, about $15 to sell. Plus they allow free reinvestment of dividends which is a good way to build up value. Scottrade does not allow reinvestment of dividends. Another way is to buy a well diversified, low cost mutual fund. Vanguard Star fund only requires an initial investment of $1,000. American Funds have a $250 minimum.
2007-03-15 11:13:35 · answer #1 · answered by gosh137 6 · 0⤊ 0⤋
Scottrade. You only need $500 to open an account, and trades are $7.00. Their research site is pretty good, but I would also recommend reading the Wall Street Journal.
2007-03-15 16:59:39 · answer #2 · answered by warriorwoman 4 · 1⤊ 0⤋