I want to buy around $700 of stocks but im not sure what to buy at this point.... any suggestions???
2007-07-06 04:45:00 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
The market is high and has been going higher and the meltdown could be just around the corner.
If you are not willing to closely monitor your money you will lose it. Stocks will fall..history tells us that's what happens.
What goes up comes down!
If you want to play..then get some learning. Learn to trading business and use options...make money when the market falls.
Use a system to trade. The link below is to a membership site when you can get education and tools.
2007-07-06 15:06:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Many online brokerage accounts require a minimum of $1000, such as www.etrade.com and www.ameritrade.com
With an amount like that, its better if you buy a simple diversified mutual fund. In order to have a diversified stock portfolio, you need to know more about the stock market, and you need to have around $10k.
So for now, wait till $1000, open a brokerage account, invest in an index mutual fund:
2007-07-08 18:57:08 · answer #2 · answered by TechFarm 3 · 0⤊ 0⤋
Buy a stock index mutual fund. With $700 you can't diversify unless you are buying less than 5 shares of each company, and then the commissions will wipe out any profit.
2007-07-06 11:50:08 · answer #3 · answered by Ted 7 · 0⤊ 1⤋
$700 isn't overly excessive to buy several securities. The best option for you would be to do your own research, but if you dont have a background in finance, invest in a decent mutual fund. Just beware of high trading costs
2007-07-06 14:44:30 · answer #4 · answered by Alex M 2 · 0⤊ 0⤋
Do your own DD, never take stock advice from anyone let alone strangers, and especially not off of the tool boxes that lurk around Yahoo Answers.
2007-07-06 11:49:01 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Open an account with scottrade or tdameritrade and you are ready for trading.
2007-07-06 11:48:13 · answer #6 · answered by Ron 3 · 0⤊ 0⤋
Nothing special go to broker office & give to him the money he will buy & give it to you
2007-07-06 11:48:24 · answer #7 · answered by indu m 1 · 0⤊ 1⤋