Investing Money?

I have about 500 dollars to invest right now. Does anyone know what stocks i could invest in with the economy being bad right now? I'm not looking for immediate money, but to hopefully to get over time. any advice would be great!

Many brokerage firms have minimum deposit requirements. However, don't worry. $500 is more than enough to start investing with. I currently use Firstrade ( http://www.firstrade.com/ ) and they have no account minimums. Therefore, you can start with as little as you want. Commission rates are lower than big name brokers such as Scottrade, Ameritrade, Etrade, and Schwab. The website is easy to use and the customer service is great. I have had no problems with them so far.

I would not recommend you to use Zecco. First of all, with $500, you can't even take advantage of the 10 free trades per month because the promotion requires at least $2,500 deposited in the account. Second, they were rated and are known for horrible customer service. Finally, their website is not very beginner-friendly, so they're probably not suitable for you. TradeKing is okay I guess, but again, they're website is geared toward the more advanced investor.

As for what to invest, if you want to play it safe, you can invest in ETFs. If you are investing long term, you might want to look into dividend paying stocks since dividend reinvestment (DRIPs) is a good way to go as well.

think you can try overnight income investment. it more simple, workable, no risk invesment,and profitable. actually your money can work for you even while you sleep, and you can get your first overnight income.

It is hard to say where specifically to invest $500 as it takes a little bit of personal research to come up with specific stocks.

However, I would recommend signing up for an investing account with http://www.tradeking.com or http://www.zecco.com since you will want to keep your broker fees as low as possible when you are only investing $500 to start. Tradeking is $4.95 a trade and zecco gives you 10 free trades a month.

And since you asked, I have been a big fan of Buffalo Wild Wings (BWLD) lately. (Though that does not mean it is a good stock for you to choose, just a personal favorite that I have been watching)

$500 is a good small start in the stock market to at least get you feet wet. Good luck.

http://www.noobinvestors.com

With under $10,000, single stocks are a bad idea.

purchase a mutual fund....less risk will be involved. I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Good luck and happy investing!

http://friends.zecco.com/r/a7a2877caab8102b8555

Alicia, that is a good question and many of us would love to know the answer, but why ask it here? I worked hard on finding some of the answers but I am not sure I should even share anything here. Basically to find good answers takes lots and lots of research online or elsewhere. There are people who charge money to share you these secrets and then to share them for free seems appalling. I will share with you a hint - blogs. They are the key to finding important info to what you seek. I do hope to put together a blog soon and then you could see the many choices you may have. But to give all my hard work away for free when I need money myself is almost a crime. I know there are people who can share some good advice here and I even saw some give free tidbits on stock. So what else can I tell you. Find a product or company that you admire. When you invest in a company, you should expect better and brighter days ahead, and you know that the company is planning something great. Take Yahoo for example, will a merger hurt the company's stock? If so, then it is safe to say that investing now is not the best move. But if the economy is weakening then look around to what consumers are concerned about and interested. Right now tech stocks are not safe bets because of the volatile market. But oil, food, and alternative energy companies are what you need. Only if the price is low enough to buy. Also, if banks fail. Find out who benefits. A company like Google, Microsoft, Apple, VISA, Wal-Mart, and Coca-Cola all offer rewards. They have a strong brand and are here to stay. If you had bought VISA ten days ago then as far as I know you would have done well. Perhaps it is not too late. I am not the expert, but when stocks go up considerably it is best to wait for the opportune time when they come down again so you can buy them. Usually I think of good stock to buy as "5'clock traffic tickets". Meaning you need to beat the 5'clock traffic rush of buyers who want the hot stock you just bought. When a large volume of buyers and sellers with more buyers weighing down the scale then usually the stock rises. Making the stock item more valuable. Since I am still new to this I am not sure of all the other reasons why it would go up, but usually good news and bad have a powerful influence as well. Like when a product is found defective and reported on CNN then the stock can drop.

This is what I would do. I would go to a website like Scott Trade and buy whatever they recommend. I'd watch and read the website for a week, and then I'd pull the string and invest in something вЂ” hopefully a stock that pays dividends!!! I wouldn't listen to people too much about investing unless they are close to you and recommend a big company from experience. Maybe you should invest in a mutual fund. That's usually a very good idea. Check it out at Scott Trade. There isn't a bigger or better online trading company. They have 100's or 1000's of offices you can visit.

http://www.scottrade.com/

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