woshaugh
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It is tough to do by investing with such a small amount. If you are thinking stocks, there is usually a higher minimum than that for online brokers like etrade or scottrade. Then there is the fact that you have to pay a fee every time you buy stock. Scottrade has a pretty small fee compared to others of $7 per trade, but with only $100 total you will lose a large percent of your money doing that. If you diversify at all, you'll be below $50 by the time you account for transaction costs.
Best bet is to go to your local bank and put it in a savings account. Won't make much on it, but it'll be something. |
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jiganto
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$100 is too little to invest in stocks, you'll lose more on transaction fees than you'll realistically make. If you want to make more money and don't mind doing some footwork, you should look for opportunities to buy items that you can resell at a higher value. Looking around on craigslist, forums, even ebay. It requires a bit of knowledge of what you're buying and selling. You can invest in some tools and see if you can provide some sort of service for your neighbor.
That or start a saving's account. It's never too early. |
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ishootbirds2
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100$ cannot open a CD
you cannot invest $100 in any stocks with any realistic return
$100 will not open a money market account
$100 can open a savings account, but you will not gain any visible income for at least a decade or two.
So if I were you, I would spend $100 on something that I could by low, sell high. Everyone knows their own little area where they can buy low, sell high. |
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ryan
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cd's can get you 4% |
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xiiaoMEL
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Stocks, but you have to be careful of course. Choose the correct one to invest in.
But be very careful when you invest now, cause you know the economic is not good now.
Good luck ! :D |
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sportqt2009
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stocks? but maybe hold off until the economy gets better or u might loose that 100 bucks |
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Acc travelservices Agent Matthew
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go buy 100 dollars of candy and sell 10cent candy for 25 cents i did in school made 280 a week profit. |
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es
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Buy an inflation protected treasury bond thru the Federal government (called TIPS). I believe you can buy one for $100.00. If that doesn't work, buy a CD through a bank. It will be FDIC insured, so it should be safe. Good luck. |
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ಠ_ಠBabyJebus©
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invest in something. |
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Coral
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If you think $100 you can make $2,500, you can't see poor people by now.
Who can give you the best answer, won't be here by now!
With $100, you can do some donation to the poor... |
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loselose
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100 dollars or 100 K?
it's pretty hard to grow a 100. it takes money to make money. invest in some tools that would help you to make more money. |
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