I am retired lady with 48 thousand rupees I have a college going daughter I need to invest this money for her studies and marriage can someone tell me how to invest and shares and mutual funds so ...
who would i talk to to see what investment is right for me? i wanna invest in stock,bonds,ira,whatever i dont know much about any of them. so would i talk to somekind of finacial advisor, or a banker ...
I am a college student and I would love to invest in mutual funds. What sites you people usually used? For example for stocks they would get firms such as Etrade,Scottrade,Firsttrade,Zecco, etc. Is ...
What type of shares could I get and is $500 enough to buy the minimum shares required? Additional Details I live in Australia. Does this change anything?
Instead, look at no-load, no transaction fee mutual funds.
antdu
Yes it is enough to get you into the market.
http://www.Scottrade.com - $7 trades, good rep (I use)
http:www.zecco.com - $0 trades. Don't know much about it but it advertises a lot.
$500 can get you started BUT it is worth noting that it is hard to buy stock. Basically 500 can buy 100 shares of a $5. The stock would need to move $0.14 ($7 buy, $7 sell) before you can begin to turn a profit. However if you begin with that and slowly add more as time goes on along with some profits taken from the market, you can accumulate working capital.
Best of luck to you.
Krispy
That's what I started out with at TDameritrade. I'm not sure about scottrade, but when I opened an account on sharebuilder I couldn't trade OTC, BB shares(which was what I wanted to buy in the first place). If scottrade allows you to trade those two and doesn't have a limited selection of shares you can buy then go with them(TD is 9.99 per trade) so you'd save yourself 2.99 each trade. In the grand scheme of things, if the shares I bought go to where I see them going, I don't care about 2.99.
virgil
yes almost
you will need a bit more for the transaction fee
Mary T
That is more than enough to get you trading successfully. However, instead of limiting yourself to stock, consider options. Before throwing any money into real investments though, read a good book on the subject such as Options Made Easy: Your Guide to Profitable Trading (2nd Edition) by Guy Cohen (Jul 18, 2005)
ISBN 0131871358
You could easily do a "strangle" which is a pretty conservative strategy with better average returns than stock alone.
Frank Castle
1) Yes.
2) Any. (Except Google, Berkshire Hathaway and a few others)
3) The minimum is ONE SHARE.
pimpin_made_ez01
yes!!!
Bob W
If you have to ask those dopy questions, you do not need to be trading individual shares.....Buy a mutual fund
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