B B
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I would suggest that you start with atleast $2000 and also use a cheap discount broker like scottrade - i think they were advertising $7 trades. Also, don't put all your money in one basket. As a starting point, if i were you - I would split this 75% and 25% between an index fund and the hot stock that you know will go up :-)) |
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The Emperor of Ecstasy
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JUST LIKE LAS VEGAS.....PUT NO MORE INTO IT THAN YOU CAN AFFORD TO LOSE....sometimes it doesnt work out....but, good luck in your ventures..... |
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Kitty
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Start with what you can afford. If its only $500 then that's fine till you gain some investing self-esteem. You need to start somewhere and the key is TO START so do not let the lack of money keep you from it !
: ) |
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mike
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I feel it is best to work with a few thousand dollars at first when jumping into investing. If you only use 2k at first, and the stock price is 20 dollars each, then u can only get 100 shares. That is only one stock. It is better to diversify when you invest in stock. I would use around 4 thousand dollars when you first invest. This way you can invest in a few different companies. That way if one does not perform well the others hopefully will. Remember stocks will fluctuate, you just have to decide what a fair value of the stock is and buy it when it gets to that value. Then remember everyone else in the stock market over reacts, so do not be like them and over react to every little thing that happens in the world. Now if you did not want to invest that much money your best bet would be to invest in mutual funds. This way you are automatically diversified and you can still get a reasonable rate of return. |
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vegas_iwish
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Would be nice to have at least 2000 but can go with less. Key is to get the account open @ schwab.com or wherever & get going. Don't speculate - invest. 100 shares of ADX under $1500 with commission. A solid start. Feel free to contact via answers if have further qs. A diversified portfolio is key. Can then leave it alone. |
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chris a
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This depends on your objectives and how old you are. If you're 65, then nothing.
If you don't have any cash savings then nothing, stocks should be bought after you have grown a cash reserve first.
Don't trade regularly the costs are too high.
I would think $2,000-$3,000 of stocks per stock chosen, and a portfolio should consist of at least 20-30 stocks. Therefore you should have a minimum of $40,000, and ideally $60,000 or more to get started.
Below these levels you are taking on more risk, and paying higher costs, and would be better off with a mutual fund covering something like the S&P500, or wherever your domestic market is. |
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Ronatnyu
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Although you can 'invest' as much or little as you want.
You can buy 1 or 1,000 stocks.
For both there is a transaction fee involved so investors like to spread that cost out over the most amount of stock in an odd lot (less than 100).
Just like going to the casino's ....don't invest more than you can stand to lose.
Another point if you need the funds back & have to liquidate...there is a fee for that as well. |
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