 If You Had An Extra $5,000 or....? |
$10,000, where would you put it for a SHORT-term investment?
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fruit t | What is a good stock to buy with 145 dollars.? |
im looking to maybe double the money. please help. |
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Theodore B
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I have to admit that with $145, you can't really make that much money. You would have to pick a really good stock to make your money double, and it would involve a lot of risk. Plus, most online discount brokerage firms require account minimums. I currently use Firstrade though and I know that they do not require any minimum deposits. They're relatively cheap ($6.95 per trade) so if you're interested, check out their website: http://www.firstrade.com/. |
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Matt S
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Personally, with 145 dollars and the current state of the economy, you are probably best off putting it in a CD.
Many stock require that you buy 100 shares, so your stock would have to be priced at $1.45 a share or less. Most stocks that low are very volatile. (93% chance of the company going bakrupt, 6.999% chance that the stock will stay about the same in the long term, and 0.001% chance the stock will hit it big.)
Your best options are to invest in a company you know and feel comfortable with. An example in my case is Sony who just won the HD format war with Blu-ray and is starting to see increased sales of their PS3 console -thus I predict that they will see increased sales in the future and their stocks will rise. But around $40-$55/share is a little high with what you have to spend. You can also look for a stock that just split, or if you think a company will be bought out by a bigger company (example:if microsoft were to buy Yahoo).
Personally, as I said earlier, I would put it in a CD and wait until I had a little more to invest and go more for safety than the big payday (which could end in you loosing everything).
At least with a CD, you will earn more interest than a savings account, and they come in 6 month, 9 month, 12 month, and multiple year increments. Oh, and most stock services either charge a monthly fee, have a decent startup cost, and/or charge you a fee when you sell your stocks - so part of your $145 may go to fees. |
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A nobody
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Maybe you should take a more realistic view of the market and the securities trade in it.
If your total investing amount is $145 you won't be able to do much so looking for a good stock is mute point
Most firms have minimum requirements for opening an account or initial trades. You're well below this minimum |
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Grumple
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Thats not a lot of cash. If you can wait two years buy Ford near 5 and it should be 10 by then. |
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Stu G
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There are none, and you should put the money into a savings account, when you have saved up $1,000 you can buy a mutual fund or ETF, and after 5-7 years that $1,000 might have doubled.
Do some more reading about the market and learn, great to do while you are saving up the one grand that you will invest. |
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ProfQuill
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An outfit called sharebuilder.com (part of ING Direct) has no minimums or fees for a basic account, and you can accumulate stock even in fractional shares ($4 for those trades, $10 for a regular real-time trade).
Certainly 145 bucks isn't much to work with and doubling your money will take some combination of skill, luck, and time.
Disclaimer: I am not particularly plugging this site, don't have any association with them, but seems to be the first that comes to mind for someone starting really small. |
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comusbassington
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Doubling your money in the stock market is really quite difficult - at least with the timeframe that I think you are thinking of. It can be done over time with good, well-founded stocks, but you'll probably earn more than $145 doing something else in the time it takes for that to happen. The quickest way to do it is with a penny-stock - that's also the riskiest. Go ahead, start looking at the OTC/bulletin board listings and pick a 7-cent stock. The most you could lose is $145. |
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