2007-03-25 07:54:26 · 6 answers · asked by Rawr 2 in Business & Finance ➔ Investing
Yes, but I do not recommend it. The brokerage fees will eat you alive. You can however buy exchange traded index funds and closed end funds through sharebuilder.com in 25 increments. But the broker commission will be $4.00 or 16% of your investment. Not a way to make money. There are however some mutual funds that have a front end load that have a minimum investment amout of $250. They have only a 5.75% sales charge. Better than 16%.
Here is a link to one that I especially like
http://www.americanfunds.com/default-home.htm
2007-03-25 08:48:37 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Unfortunately no, you really can't do too much with that amount of money. What you would have to do first would be to open a brokerage account so they can make the purchase for you. They require a minimum of $500 usually to open an account. Even if you could, it costs around 7 to 10 dollars to complete the transaction (broker fee) and this would only leave you only $15 to invest.
2007-03-25 15:43:23 · answer #2 · answered by Steve 3 · 0⤊ 0⤋
It's possible with back end funds at certain mutual fund companies. You don't pay a fee going in, just a fee when you sell. It's possible to lose money that way though.
2007-03-25 18:00:43 · answer #3 · answered by gregory_dittman 7 · 0⤊ 0⤋
Generally no, but some will let you do automatic monthly investments of as little as $25/month.
2007-03-25 16:28:26 · answer #4 · answered by Quixotic 3 · 0⤊ 0⤋
the sharebuilder answer is NOT correct and sharebuilder does not sell mutual funds. The correct answer is an IRA account but findig one will be tough.
2007-03-25 17:05:33 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes.
It is wise to invest at least $25.00 each week.
2007-03-25 17:10:38 · answer #6 · answered by Anonymous · 0⤊ 1⤋