What is the best online stock broker for a small time investor looking to invest $3,000 or less?

Question

Brand new investor just trying to find out which online broker is best for a small time investor like me? I don't have much to start out with and I'm looking for a broker with small fees and no minimum balance.

Answer 1

As general rule the very low priced brokers are not "user friendly" to newbies.

For the newbie I suggest;
Charles Schwab
Fidelity Brokerage

If you have no investments now..... I'd suggest only investing in a well diversified mutual fund or ETF.

Don't try to invest in penny stocks or small cap stocks looking for a quick hit/winner.

Read as much as you can. There is a direct relationship between knowledge of investing and success.

Investing is not gambling. Investing is not playing a hunch. Investing is not putting all your money in one stock because you heard it was going up.

Answer 2

Hey,
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org

I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.

As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
Hope it helps.

Answer 3

I would recommend currency. The reason that some predict that Mark Vincellete will be on the cover of Time magazine is because of his brilliant strategy he developed for the Forex market. He is revolutionizing investing for the average investor. Making huge amounts of money and retiring young is not just for hedge fund managers. Investors who follow this program have been making unheard of returns. Due to compliance issues I cannot reveal the returns on investment but when you demo the program you will see for yourself. Once you see the power of the program you will confidentially tell everyone you know about it. That is why the company is growing 40% a month with no advertising. This is a Forex hedge strategy that reduces the risk in the market and anyone can do it because of its simplicity. It takes about 10-20 minutes a week if that. You can follow the strategy with play money until you see how it works and are comfortable with investing. Don’t take me word for it though. Try it out for free. Watch the video presentation on the site below. It will explain everything through the video. www.demofreedomrocks.com. Take care

RULE OF 72
5000 @ 12% a month = 1.6 million in 4 years. 19 million in 6 years.

Answer 4

online stock broker small time investor invest 3000

Answer 5

my advice go for mutual funds

i dont think as a broker theres is a minimum limit to invest one is always welcome to open up an account to trade but
3000 is too little to play with the market cause there will be too many stocks too choose and u'll tend to be greedy and start to punt on the stocks and this is where people alwiz make the mistakes

anyways good luck

Answer 6

There are several. I like Scottrade, just $7 per trade but limited advice. Still they are cheap.