I have $200 to invest in stocks. I want complete control of my cash. I want no advice. I don't want huge fees for spreading my small investment amount over several stocks and not buying in complete lots.
2007-06-13 15:39:11 · 3 answers · asked by Zloar 4 in Business & Finance ➔ Investing
Actually, I'm not worried about turning my cash into major profits. I just want to have the fun of investing and I want to get annual reports. It's more of a learning experience than anything.
2007-06-13 16:00:31 · update #1
$200 is not enough to byuy shares with.
Buy a CD(certificate of Deposit) with it.
When you have tiny amounts of money, commissions and acct charges will decimate your little nest egg.
2007-06-13 15:42:47 · answer #1 · answered by bob shark 7 · 0⤊ 0⤋
Have you considered Scottrade? Scottrade is a discount broker geared towards the experienced, self driven investor.
You can open an account with as little as a $500 deposit. They have a flat rate ($7) for most online market and limit equity orders, regardless of your trade frequency, account balance, or the number of shares in a transaction. Scottrade does not charge for inactive accounts or for account maintenance, and there are no minimum number of transactions (trades) required.
You can compare the commissions/fees of several brokerage firms at: http://www.scottrade.com/online_broker_comparison/discount_brokerage_comparison.asp .
I hope you find this information useful. Please let me know if you have any additional questions. I'd be happy to help.
Scottrade
www.Scottrade.com
1-800-619-7283
2007-06-15 09:06:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
buy silver
2007-06-13 15:47:01 · answer #3 · answered by ronk 3 · 0⤊ 0⤋