I am hoping to make some money by buying stocks that are maybe the next big thing. I am really interested in Amazon's other companies like ChaCha search but I don't think it is publicly traded. I am just looking for some good suggestions.
2007-07-27 01:31:15 · 8 answers · asked by runningrachel 1 in Business & Finance ➔ Investing
Hmm Okay I think I need to be a little more specifice on this, due to the answers I have gotten so far. I am not inexperienced when it comes to stocks. I currently have shares of Disney and Coke. (So I have already taken the steps of buying something familiar) I am not worried about transaction fees because my parents will cover those it is more just I want to invest in something new and upcoming. I also already have money in mutual funds.
2007-07-27 02:54:41 · update #1
Depends on your age.
If you are a minor, put it into a Coverdell ESA account at Scottrade and pick a NO-LOAD, NO TRANSACTION FEE mutual fund such as:
EUROX Eastern European Investments has a $100 minimum. Most others require more.
If you bought stocks, you have a $7 transaction fee just to buy, so you would lose 7% right off the bat, then another 7% when you sell it.
2007-07-27 02:01:34 · answer #1 · answered by Feeling Mutual 7 · 0⤊ 0⤋
Don't buy that small of an amount. Reason being, you will pay a transaction fee of at least $8.00, and it could be much higher. So, $100, will get you $92 worth of stock, at most. And, when you finally sell it, you will pay ANOTHER $8 transaction fee. In other words, your stock will need to grow 16% just to break even. For this reason, it really isn't cost effective to buy less than about $1000 worth of stock -- that way, the stock only needs to grow 1.6% to break even.
2007-07-27 01:55:24 · answer #2 · answered by jdkilp 7 · 0⤊ 0⤋
Take the $100 and put it into a CD or high-yield savings account.
AMZN has a 5/10 rating which is OK, but it is not recommended to buy right now.
amboydirect.com
ingdirect.com
emigrantdirect.com
The market is too volatile for inexperience traders right now.
Or, take 50$ and trade it w/ AMZN and 50$ w/ a CD. Either way it's important not to put all of your money in just one thing.
Sorry if that was too complicated. I'm pretty sure you can't buy stock in Chacha. you might be able to soon, tho!
2007-07-27 01:47:12 · answer #3 · answered by Anonymous · 0⤊ 1⤋
$100 will not buy much when it comes to investing, but it is a start. Buy something you are familiar with, a company whose products you like and use. As a responder mentioned sharebuilder.com is a good place for investing small amounts. Have you ever bought clothing at Bebe's or Wet Seal? I am not recommending investing in either, but if you have shopped at either of those stores and like their products, those would be two to consider.
2007-07-27 01:47:46 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Mutual Funds are the best
2007-07-27 01:34:24 · answer #5 · answered by Stephen J 3 · 0⤊ 0⤋
you don't have enough money to buy stocks, instead open a mutual fund and you can deposit a minimum of $50.00 a month into it, do this your whole life and you will have a big pile of money someday
2007-07-27 04:24:24 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Check out Sharebuilder.com.
2007-07-27 01:34:45 · answer #7 · answered by chrisbode1 3 · 0⤊ 0⤋
look at AAC
2007-07-27 02:07:45 · answer #8 · answered by bizzbagg 4 · 0⤊ 0⤋