I don't have alot of money and I don't really understand stock. All I know is that I want to buy a stock of some product that I really like. Keep the stock until it begans to rise til it can't anymore and sell it for more than I got it for. I think that I will have to pay a broker or someone to do that for me. I am not sure. Can I make money out of $100.00. Not trying to make a million off that hundred just some change that keeps coming in like $20- or $30 here and there.
2007-09-03 03:00:43 · 9 answers · asked by Talent 1 in Business & Finance ➔ Investing
The problem with that little of an amount is the brokerage fee. You're going to have to pay at least $7 USD for each transaction (buy and sell). In other words, you'll have to pay $7 when you buy the stock and another $7 when you sell it. So, the stock is going to have to go up by at least 15% just to break even. The NYSE has been averaging a little less than that over the past 25 years.
In other words, don't invest ONLY $100 in stocks. Go to a bank and see if you can buy a certificate of deposit ... no transaction fees.
2007-09-03 03:17:15 · answer #1 · answered by jdkilp 7 · 3⤊ 0⤋
Easiest way is to just open an account at some brokerage, buy a stock and lose your money. Not the bright way, of course. You do not want to invest the easy way- you want to invest the Smart Way. Because that is what you must do to be successful. Like any other worthwhile thing, you have to learn how before you can successfully do. If you do not want to learn how, then you can go to some managing brokerage firms and they will invest for you. That will improve the odds of growth when compared to entering the market without skill, but it will probably not be a very strong return, and it won't be managed closely because it's just not enough money to keep them interested. They prefer million-dollar clients. I strongly recommend some serious study of the market. Information is all over the net, in thousands of books and so on. There are investing tutors, even simulators where you research, select, buy/sell and do everything you would in live trading, but without having real money at stake- and that's an excellent knowledge builder. NOTHING teaches better than experience, and nothing will clean your plow faster than investing without it. Simulators provide a way to experience. Last- DO NOT buy a penny stock or any company stock that you can't thoroughly research and verify. If you are unwilling to do that buy the safer things such as Exchange Traded Funds (ETF's) which are pools of major stocks and are much less volatile than trading individual stocks. There are three key factors to successful investing. Knowing what to buy- Knowing when to buy- and Knowing when to sell. Miss on any of the three, and your prospects diminish quickly. Just under 3 years ago and prior to the recession crash, my mother cashed in a $16,000 CD and gave it to me to invest for her. Today, without another dollar being invested, her portfolio is worth $91,500. Not an accident nor good luck- it's knowing how the game is played, and that's learned in a school you never graduate from.
2016-04-03 01:05:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The stock market is a fantastic place for exactly that! The only thing that stands in your way is that most online stockbrokers have an account policy that you must have at least $500 to open the account. A minor setback maybe, however the good news is that you dont need that $500 in your account to stay active.Lending the money and giving it back after you open your account is always an option.
Once you work that out then making steady constant gains will not be a problem, especialy with small cap stocks. They have the potential to double or even triple your money very quickly and if you do your homework finding these stocks is not hard.I am using http://goldenbullpicks.com check them out, you will be impressed! and remember,always do your own research!
2007-09-03 08:15:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
put this money in a savings account that pays some decent interest like ING direct. Most of the 'real' trading accounts require some minimum balance and even if they don't, the trading fee (buying and selling) will eat up 10-20% of your $100. My advice is to start with a savings account and put in some money there every month. Once you have $1000 or more, start with investing in mutual funds and build up from there. It's good to have a good foundation and investing in safer options like a CD, bond funds etc to begin with will give you the time to learn how the financial markets run.
my 2 cents
2007-09-03 07:52:24 · answer #4 · answered by isage 2 · 0⤊ 0⤋
Yes, you can start with $100. However, I suggest that, instead of buying one individual stock, that you look into mutual funds.
With a mutual fund, you are actually buying shares of many stocks within the fund.
Check vanguard.com and fidelity.com.
2007-09-03 03:12:43 · answer #5 · answered by mister_galager 5 · 0⤊ 0⤋
Start at Sharebuilder.com - or some other discount brokerage firm (Zecco or Etrade) You can take your time and build your stock shares. Good investing takes time. Study at Motley Fool.com site and watch Cramer on CNBC for tips.
2007-09-03 04:46:23 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Check out Zeeco. It is basically your only real option.
It will be dificult to turna profit because you will either be purchasing a limited amount of stock or purchasing penny stocks.
Checkout:
zeeco.com
smallcapcenter.com
thestreet.com
Yahoo Finance
Do a lot of homework and playh it smart.
2007-09-03 05:22:31 · answer #7 · answered by AntDU 5 · 0⤊ 0⤋
zecco.com, no commissions, and no minimum to open an account.
2007-09-03 04:46:45 · answer #8 · answered by ? 5 · 0⤊ 0⤋
see this blog they have huge info related to your ques..
http://paisainvestment.blogspot.com
2007-09-03 06:43:16 · answer #9 · answered by waseem khan 1 · 0⤊ 0⤋