2007-03-25 01:33:41 · 8 answers · asked by peaches 1 in Business & Finance ➔ Personal Finance
If you have no money, what are you planning to invest?
The definition of investing is: laying out money or capital in an enterprise with the expectation of profit.
If you have no money to put at risk, you can't invest.
2007-03-25 01:58:50 · answer #1 · answered by Faye H 6 · 3⤊ 0⤋
You can buy on margin. But beware this method. Rule Number One about investing is to never invest more than you can afford to lose.
If you do invest on margin (which is similiar to a taking a cash advance on a credit card with very high interest rates), and lose the money, you will be expected to pay. And this isn't like the mafia where they would just break your knees. You'll find your credit destroyed (so you can never get a loan or a credit card, etc). And then when you do actually have a job, they will put a lien on your check and garnish your wages. It gets ugly.
I would suggest building savings through a savings account of money market fund. Due to the volitility with the market, basic bank accounts are actually outpacing the stock market this year.
2007-03-25 02:46:43 · answer #2 · answered by jerry 5 · 0⤊ 0⤋
You can stock in share market. There are futures and option in which you can invest money to earn and you should have some money at your end. So i will say you have to save some money then you can go further. But one should be very careful while investing ones money in share market. So best of luck.
2007-03-25 05:01:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You really can't until you save some money. I would recommend taking 10% of you gross earnings and put half in a savings account and the other half into a CD account or an IRA. When you get around $20,000 saved, put about $5,000 in the market via an ETrade account.
2007-03-25 01:43:40 · answer #4 · answered by Gman 4 · 0⤊ 0⤋
Let me ask a different question.
Why should someone let you invest in the market with no money or working capital? If your ideas were so good, they would reason, you would have some money to work with.
Good luck!
2007-03-25 01:37:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You have to learn to save money first before you can invest it. You have to live below your means. In other words, you spend less than what you make.
2007-03-25 08:18:56 · answer #6 · answered by Steve R 6 · 0⤊ 0⤋
I signed up with sharebuilders.com a few years ago. But, I'm waiting to get all my 6,000 out as soon as I can even out my loses. I can't take the up and down of the market. You sure you want to do it? Get an IRA instead (you can get it at your local bank).
2007-03-25 01:39:10 · answer #7 · answered by mari 2 · 0⤊ 0⤋
Through a 401k at work. Or you can get a trader online.
2007-03-28 07:10:37 · answer #8 · answered by Pepper 6 · 0⤊ 0⤋