Can you make a good investment for about $50?

Question

I want to make the most of the money I have. There are companies I would like to invest in.

Answer 1

doubt it, the commision fees are at least $7, $14 if you count the selling fee. that leaves you with 43 bucks to invest with. You could maybe possibly but very unlikely come out ahead. Maybe with a cheap company such as Dynegy $9.58, Sun microsystems $6.05, or even with a cheap little 1 dollar stock. I like Express-1 Expedited Solutions which is $1.33. It's hard to do this in a crazy market like this though. You need more money to be more diversified. I would wait until you have at least $1,000. I started with $4,000.
Good Luck

Answer 2

Technically you can invest in stocks so long as you have enough money to buy one share of stock and pay for commissions on the stock.

Unfortunately those commissions would be very expensive in relation to the amount of money your investing-- even investing in a cheap brokerage it would probably cost about $10 to both buy and sell a stock, which works out to be 20% of a $50 investment and your stock would have to go up a lot simply for you to break even. Other brokers could cost $20 or more.

Also some brokers charge yearly fees on small accounts which would rapidly eat up your money.

I've heard of a free broker (called Zecchio or something) but I don't know if its legitimate.

If I were you I would try to save up about $1,000 (at the least a few hundred dollars) and then invest them in mutual funds or exchange traded funds that track the stock market.

Good luck.