about investing?

Question

i dnt really know nothng about investing but i wana try it out do any one of u guys know how to do that were can i go to do that how kan i get started kan i start with 10 dollars kan u guys feel me in about dis pleaz i would really appriciated

Answer 1

Starting with 10 bucks? Hmm. Sharebuilder brags about "Buy stocks for $4" and "No minimums: open and maintain your account with any amount."

Still, that leaves 6 for the stock, after the 4 for the commission, and for that deal you have to sign up for automatic payments, so they will take another $10 (or whatever) each month from your bank account (or payroll deduction if your boss approves, assuming you are working).

At Scottrade, commissions are $7, assuming the stock is $1 or more, and that you start with $500 in the account. Sure you can put some small change in something, but the really good stuff will cost (and rightly so) something more than the fractions of a penny that you currently can afford.

Save your money. When it starts adding up, then take another look. Sorry, you aren't ready yet.

Answer 2

Your best bet is find a good general mutual fund that offers a regular savings scheme & pay in every month - you wont miss the amount of money & over a few years it should add up to a tidy sum......if you pick a racier higher risk fund such as emerging markets you will benefit from pound (or $ I guess) cost averaging - this means if the fund is volatile & goes down you pick up more units over the long term with luck you should do reasonably well.

Answer 3

hahah yeah i feel you. u better buy a good lunch for tomorrow rather than give that 10 bucks to one of these online brokerages.

In an inexpensive one, such as sharebuilder
buy at least $4, sell even more. your holdings = negative

invest in something else (mutual funds, cd, savings)????? $.02 or less a month.. you better go somewhere, such as theater or friends' house and ask them a quarter or a buck. That way is faster.

ask your parents a little more, Moises T!

Good Luck asking.... :)

Answer 4

You might want to check out www.cnnmoney.com this web site will give you alot of helpful information about investing,along with telling you the do's and don't of investing small amounts of money.