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back when I was in college a cousin of mine sent me a table very similar to this. It got me so motivated and into investing. I had an etrade account but I set up an automatic invest with etrade on a few mutual funds and my $200/week door guy job and my $250/week from my parents went a long way as Im now 27, 28 in a few weeks and have very close to $1MM tucked away. Need less to say I didn't spend much of my parents allowance or my income money, I put it all my expenses on my parents credit cards!!! Either way its paying off now... check this table out and the sooner you start the better. Just a little fyi my favorite mutual fund is swoix, find your own but make sure it has low fees. SWOIX is good because it has no min but great returns.Good Luck.....also try zecco they charge $0 for 10 ten trades per month
http://www.baronseries.com/how-to-become-a-millionaire.htm
back when I was in college a cousin of mine sent me a table very similar to this. It got me so motivated and into investing. I had an etrade account but I set up an automatic invest with etrade on a few mutual funds and my $200/week door guy job and my $250/week from my parents went a long way as Im now 27, 28 in a few weeks and have very close to $1MM tucked away. Need less to say I didn't spend much of my parents allowance or my income money, I put it all my expenses on my parents credit cards!!! Either way its paying off now... check this table out and the sooner you start the better. Just a little fyi my favorite mutual fund is swoix, find your own but make sure it has low fees. SWOIX is good because it has no min but great returns.Good Luck.....also try zecco they charge $0 for 10 ten trades per month
http://www.baronseries.com/how-to-become-a-millionaire.htm
Sharebuilder.com is where you need to start.
$50 is the min deposit with $4 trades.
It dont get any better than that.
The only negitive is you cant buy in real time.
But unless you are daytrader, which you are not, that does not matter in the least.
I think that $100 is definitely too small of an amount to start out with. The problem being that you would have to get more than a 20% return on your investment just to break even (assuming $10/buy & sell). Even at $4/trade you would still need more than an 8% return to break even.
I think that anything less than $1,000 is not going to do much for you. You may want to deposit $50/$100 or so at a time until you build up $1K. Then you can begin buying stocks, mutual funds, etc.
Regardless of what amount you start out with just make sure you have a basic understanding of the investments you plan on purchasing. Feel free to ask questions here, there are people who can help you out.
Happy hunting.
I think that anything less than $1,000 is not going to do much for you. You may want to deposit $50/$100 or so at a time until you build up $1K. Then you can begin buying stocks, mutual funds, etc.
Regardless of what amount you start out with just make sure you have a basic understanding of the investments you plan on purchasing. Feel free to ask questions here, there are people who can help you out.
Happy hunting.
Nothing is pointless and it is good to be thinking about investing however this is too small an amount unless you were just considering an investment in a mutual fund with subsequent automated purchases either monthly or quarterly from your bank. No sense in buying individual stocks with that amount.
For about $9 a month sharebuilder has an all you trade plan that allows you to do drip programs with unlimited stocks.
For instance you can buy 10 different stocks everymonth for $10 a piece for a total stock purchase of $100 a month automatically deducted from your bank account for only $9 a month.
This is the only option for a micro trader.
Thats only is you are putting in $100 permonth. That % goes down the more you put in.
We offer 3 pricing programs with different investment costs and tools to meet your needs.
Basic
Our entry-level program is designed for new and less frequent investors. Pay only $4 for each scheduled investment and no monthly subscription fee.
Standard
For more consistent investors, you can make 6 scheduled investments for $12 per month. Plus, get unlimited access to valuable investing tools.
Advantage
Advantage offers our best pricing and complete access to all our investment tools. Make up to 20 scheduled investments per month for $20 – that’s just $1 per automatic investment!
Well you should find a mutual fund that you like and send them 100$ here and there till it is worth 2,500. Then go to zecco and transfer the mutual fund there. It will still be in the mutual fund but also in your Zecco account. With 2,500 in your account there but still in the mutual fund you can get 9 free trades a month so when you send in 100 or 200 you can buy any stock no charge.
