If you only had $100 to spend on a stock (or, several stocks if you were going to diversify) which would you go with, with the end results that you are going for obviously being a profit?
2007-04-30 07:53:12 · 10 answers · asked by Anonymous in Business & Finance ➔ Investing
Okay, I guess I should explain. My stepfather wants to see if I can turn $100 around into anything profitable. I know that's not a lot in the stock market. I didn't pick the amount. It's his money, after all.
2007-04-30 08:40:47 · update #1
Go buy some Motorolla (MOT) stock. It's cheap, about $17.40, and probably gets to $22 a share soon. Be patient and let your stepdad know that patience is key in the market. Ask your stepdad if he will at least throw you a bone and pay the transaction fees ($7 to buy, $7 to sell) for you. That way, all your profits won't go into the transaction fee and you can truly see the power of the stock market.
2007-04-30 11:15:06 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Hi there,
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For more info: http://pennystocks.toptips.org
I hope it helps
2014-09-22 11:00:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
With only $100, I would put it in a high yield savings account. Since a stock brokerage would charge you $7 - $10 commission, you'd have to make 7% - 10% on the stock just to break even. A high yield savings account will pay you about 5% with zero risk. (Check out hsbcdirect.com for one example.)
When you've saved up a few thousand to invest, I recommend index funds from Vanguard rather than picking individual stocks.
2007-04-30 08:02:17 · answer #3 · answered by rainfingers 4 · 0⤊ 0⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/ed075
2015-01-25 02:55:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋
There is no such thing as obvious profit in the stock market. In addition, you can't diversify too much with only $100. I would suggest do your own research so that you are satisfied with your purchase.
2007-04-30 07:57:13 · answer #5 · answered by davecenter2002 1 · 0⤊ 0⤋
1
2017-02-14 23:36:53 · answer #6 · answered by ? 4 · 0⤊ 0⤋
hahaha yeah, you can SPEND on very diversified stocks like ice cream, movie tickets, pop corn, hot dog, hamburger, fries, candies,....
but you may not INVEST on diversified stocks w/ $100. Commissions will chew up your investment!
2007-04-30 08:42:25 · answer #7 · answered by Anonymous · 0⤊ 1⤋
How much time do you have?
We all know Apple is going to rise to $1,000.00 USD in a few decades.
We all know Microsoft is going to rise to $100.00 USD in a few years.
2007-04-30 11:00:19 · answer #8 · answered by Anonymous · 0⤊ 1⤋
go to www.fool.com. they offer a lot of good advice there, including recommendations for discount brokerage firms.
2007-04-30 08:03:56 · answer #9 · answered by yowza 7 · 0⤊ 0⤋
Not the place to ask.
2007-04-30 07:56:55 · answer #10 · answered by MOM KNOWS EVERYTHING 7 · 0⤊ 1⤋