I have 100$, does it require more money to start? how does it work if stocks fall, do i end up oweing money or does it just go to zero?
2007-12-08 12:51:59 · 6 answers · asked by ? 3 in Business & Finance ➔ Investing
$100 is not a lot of money. I would buy something you know that has good prospects. Like AAPL, ANF, etc...only with free trades when you open some accounts. If you have to pay commissions your money will disappear quickly. Then forget about it, and while you're saving money, if you want to "play" put $1000(fake money) in a virtual trading account on optionsxpress.com and play, while reading and learning with experience, until you can get that $1000 to grow, don't play with your real money. Once you get that $1000 to start growing, then do it with your real money in something like tradeking.com or zecco.com
2007-12-08 13:18:36 · answer #1 · answered by Supra1Q 4 · 1⤊ 1⤋
You can put money in the stock market when you are 18. Money can be invested in the stock market before that age, but it would have to be in the name of an adult (parent) in trust for you.
2016-05-22 05:54:39 · answer #2 · answered by ? 3 · 0⤊ 0⤋
As much as you are prepared to lose.
It's not that hard but you should know something.
Yes you can owe money on Margin.
That's why you need to learn what you are doing before you commit because you can go into Margin without realizing it or planning on it.
EDIT: #2 Is absolutely Wrong!
You can go into Margin very easily if you make the wrong move or take the wrong steps and you need to navigate very Judiciously with knowlege and skill.
I have done it many times.
I have been called on it and had to cover it.
2007-12-08 12:56:36 · answer #3 · answered by Bolles Harbor Alive-New 360 pg 3 · 1⤊ 1⤋
try sharebuilder.com
you will be on a cash basis.
if you buy a stock and the value does to zero, you would have lost all your money.
2007-12-08 13:01:31 · answer #4 · answered by ramni222 6 · 1⤊ 0⤋
A friend at work started wiwth $8,000 but said $1,000 is a good amount to start with.
Remember it costs money to make the trades too.
2007-12-08 12:59:29 · answer #5 · answered by Elaine M 7 · 1⤊ 1⤋
It's like gambling. When you have enough, to live and survive comfortably, some of your savings could be invested in the market. You could make $ or lose it all.
2007-12-08 13:04:14 · answer #6 · answered by Rev. Willie 3 · 2⤊ 1⤋