I'm in my mid 20's and bought a house a few months ago. Since then I have worked on my budget and found that at the end of the month I have about $300 left over. I really want to use the money to start investing. I have read many books on all types of investing. With such a small amount each month, am I better off saving it for a few months then putting a thousand or two in to something? I was thinking of opening up account online for stocks but not sure if there is a minimum amount I should have first.
You could always get involved in stocks via DRIP programs. You could start off with your amount of money and just put it in each month. I would suggest that you do 3 separate drips $100 each and make sure they are in different industries. Make sure you read the information and get an understanding of any fees. Some will charge a small amount to reinvest some won't.
For a listing of DRIPS with no fees, I recommend: http://www.directinvesting.com/search/no_fees_list.cfm
I don't agree with either of the recommendations put forth by dude or tarheelblue86, because the fee % is heavy and it's hard to overcome with such a small investment point. At least with DRIPS you will dollar cost average your shares and if you get into stocks that pay dividends you will see your portfolio grow nicely. There's a lot of solid companies out there that offer these plans.
Just make sure you pick 3 companies in different segments of the market. Don't put them all in retail, financials, etc. This way you'll be well diversified and can withstand some hits and when the tide is high you'll make out nicely.
For a listing of DRIPS with no fees, I recommend: http://www.directinvesting.com/search/no_fees_list.cfm
I don't agree with either of the recommendations put forth by dude or tarheelblue86, because the fee % is heavy and it's hard to overcome with such a small investment point. At least with DRIPS you will dollar cost average your shares and if you get into stocks that pay dividends you will see your portfolio grow nicely. There's a lot of solid companies out there that offer these plans.
Just make sure you pick 3 companies in different segments of the market. Don't put them all in retail, financials, etc. This way you'll be well diversified and can withstand some hits and when the tide is high you'll make out nicely.
Before that i have browsed these forums as a guest for a long-time, and its been a help in getting my thinking in line. Have made alot of progress over the last couple years, but now that I'm in a relatively good position. I wanna share the platform where did i invest my money and got a huge benefit from that.
Penny Stocks:
They also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. In the United States, the SEC defines a penny stock as a security that trades below $5 per share, is not listed on a national exchange, and fails to meet other specific criteria. Such stocks can be highly volatile and subject to manipulation by stock promoters and pump and dump schemes. Such stocks present a high risk for investors, who are often lured by the hope of large and quick profits. Penny stocks in the USA are often traded over-the-counter on the OTC Bulletin Board, or Pink Sheets. In the United States, the Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) have specific rules to define and regulate the sale of penny stocks.
I would like to suggest you to go : http://www.raymondreynoldsfrost.com
Go there and check out their product line which is very strong and powerful. The people over there are totally helping and professional.
Invest you money there and get more benefits and a blast.[/QUOTE]
Hi,
When i became an investor, i started with cost of $100 penny stocks. Before that i have browsed these forums as a guest for a long-time, and its been a help in getting my thinking in line. Have made alot of progress over the last couple years, but now that I'm in a relatively good position. I wanna share the platform where did i invest my money and got a huge benefit from that.
Penny Stocks:
They also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. In the United States, the SEC defines a penny stock as a security that trades below $5 per share, is not listed on a national exchange, and fails to meet other specific criteria. Such stocks can be highly volatile and subject to manipulation by stock promoters and pump and dump schemes. Such stocks present a high risk for investors, who are often lured by the hope of large and quick profits. Penny stocks in the USA are often traded over-the-counter on the OTC Bulletin Board, or Pink Sheets. In the United States, the Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) have specific rules to define and regulate the sale of penny stocks.
I would like to suggest you to go : http://www.raymondreynoldsfrost.com
Go there and check out their product line which is very strong and powerful. The people over there are totally helping and professional.
Invest you money there and get more benefits and a blast.
When i became an investor, i started with cost of $100 penny stocks. Before that i have browsed these forums as a guest for a long-time, and its been a help in getting my thinking in line. Have made alot of progress over the last couple years, but now that I'm in a relatively good position. I wanna share the platform where did i invest my money and got a huge benefit from that.
Penny Stocks:
They also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. In the United States, the SEC defines a penny stock as a security that trades below $5 per share, is not listed on a national exchange, and fails to meet other specific criteria. Such stocks can be highly volatile and subject to manipulation by stock promoters and pump and dump schemes. Such stocks present a high risk for investors, who are often lured by the hope of large and quick profits. Penny stocks in the USA are often traded over-the-counter on the OTC Bulletin Board, or Pink Sheets. In the United States, the Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) have specific rules to define and regulate the sale of penny stocks.
I would like to suggest you to go : http://www.raymondreynoldsfrost.com
Go there and check out their product line which is very strong and powerful. The people over there are totally helping and professional.
Invest you money there and get more benefits and a blast.
