muncie birder
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I believe "Investing for Dummies" costs less than $20. That should be your 1st investment. So let's say $20. From that point, as one responder mentioned, American Funds will let you start with $250 and make additions in $25 increments.
My 1st investment was 10 shares of Household Finance. I think it cost $235 including broker commission. But that was a long time ago. |
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Supra1Q
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rule of thumb is once you've payed down any credit card debt and have approx 6 months of your current salary saved in relatively liquid areas like bank savings account, then any amount of $ above that can be invested. The next $ you have should be spent buying Jim Cramer's latest 2 books, then watch his show Mad Money on CNBC at 6pm or 9pm EST, and then and only then begin to invest the way described in the books. |
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Patrick C
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If you are brand new to saving and investing, it would be wise to start out with a simple high-interest savings account. Many of the good ones have rates like 4.5% - 5%. Now, this will not make you rich but it is a place to start as you learn more about mutual funds, retirement savings accounts, etc. |
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stock.expert
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Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.
http://investing.sitesled.com/
I am sure that you can get your answers in this website.
Good Luck and Best Wishes! |
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hawkthree
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For some investments, $1. You can find mutual funds that start with $250. The more you can invest at one time, the better return you can find on your money. |
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Lorne
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If you are buying individual stocks then £1000 or $1750 but you have to do some research in the asset you fancy buying. You also really have to be looking at holding that stock for 3-5 years unless you are really lucky and events unfold in your favour. Yahoo / Reuters can show you graphs of recent performance and are a good place to start. The real difficulty is overcoming transaction costs and even worse currency conversion costs.
If you are not comfortable doing it yourself then try a fund - you can have a savings plan / insurance plan that invests in particular assets or there are of course unit trusts. Try reading one of the better papers for advice - or try researching online.
There is always risk or beta involved in these things - you have to have the right mentality to make objective assessments of the risks you are prepared to take - otherwise you could just invest in a savings bond / account with a guaranteed return over time.
Good Luck and have fun! |
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Robert L
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The short answer is about $250.00.
Have you considered trading in FOREX (international currency exchange)?
With Stock trading with $250 to start with, you can trade on one stock out of 10,000 possible choices and if it goes up by pennies you make a little money but you pay trade commissions.
In forex, the same $250.00 lets you trade $25,000 worth of currency and only 5 major currency pairs to choose from and no trading commissions.
I am making about 20% per month trading forex. There is even software available that handles all the trades for you and allows you to profit even when you are not there. Best part is you can try it free for a month without risking a cent of your own money.
For more information go to www.huttoinvestmentgroup.com and check it out. |
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Frank Castle
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$100.00 USD (Wells Fargo) |
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sil
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even $100 is enought, http://4xgenie.com has a link for broker with no limit. Use promo code MSMS555 for your free trial with no credit card needed.Happy New Year! |
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