 I want to open demat + online a/c..Pls help? |
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kuhner_us | Would it be worth it for me to test the stock market with 100 dollars? |
It would be my first time in the market, where do I start and can I start with a hundred bucks just to try it out? |
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The Answerer-er
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No, commission is a big percentage of that. If you're just testing it, do a simulation without real money. Just track some stocks and see how much you would have made/lost with a hypothetical amount. |
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waukisha
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Just to try? Yes. It may be more benificial to save it...these days it might be worth just as much. |
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Ellen J
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You can go to a site like "Sharebuilders" and you can invest a small amount every month (I think it's as low as $10 or $20). You can select the stocks that you want them to buy (or whatever else they offer, money market accounts, etc.) and they will buy portions of a share depending on what % of your deposit you want to go into each stock. The big brokerage houses may offer something like this too and there are probably scads of other companies that do the same thing.
If you deposit $100 a month and buy 1 1/2 shares of this stock and 2 1/4 shares of the other, after a while you will have quite a large portfolio. Try it. |
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Frank Castle
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No.
You need at least $500.00 to open a brokerage account at Scottrade.
Top 4 Answerer in Business & Finance. (Vote for me) |
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Gopan PNJ
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u'll need 2 open a demat account 4 trading. excluding the cost of opending the demat account, you can definitely start trading with 100 bucks u have. in fact monday will b the right day 4 u 2 start trading bcoz on friday market was 258bps down.
so go ahead... by stocks worth 100 bucks and start earning!!! 1 tip: but reliance nature. its worth 24 or 25... u earn on it!
Disclaimer: No guarantee for whatever said above. |
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jduck1979
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With that amount, your best bet would be Sharebuilder.com as they're really the only company you can really get away with investing as little as that..... most other companies charge around $10 commission fee, which means you need to stick at least $1000 on each purchase if you want to quickly make enough profit to cancel out the commission fee.
Make sure you research as much as you can before coughing up the money, though...... and try to add at least a further $20 - $100 a month to keep building your stock holding.
Try these websites / articles to help get your brain into gear:
http://www.fool.com/school/basics/investingbasics.htm
http://www.investopedia.com/articles/01/071801.asp
From what I gather, Sharebuilder is best suited to investing over the long term (think at least 20yrs).
So, I'd suggest looking these Stocks (which pay a dividend) to get started, and give your portfolio a solid backbone:
Anheuser-Busch (BUD)
Walmart (WMT)
Union Pacific (UNP)
Canadian Pacific (CP)
Toyota Motor Co. (TM)
Honda Motor Co (HMC)
The Coca Cola Co. (KO)
Pepsi Bottling Group (PBG)
Use the $100 to buy shares in just one of these companies to start off with, as then you're just paying one commission fee on one stock instead of several commission fees on several stocks (which I'd thought of that when I started last year)... buy into the others later in pretty much the same way.
When you receive a dividend payment from one of these companies, use it to buy more stocks in that company (or at least as part of a payment to buy more stocks), so next time they pay out a dividend you're entitled to more of it.
e.g. If you hold 2 Shares in a company's stocks, and they're paying out dividend at 10ΒΆ a share, then you get 20ΒΆ off them, and so on. |
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Jake N
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That depends...are you willing to do the research to find a good just starting up company and wait a few years hoping they'll succeed like microsoft? Because stocks that are worthwhile and growing are gonna cost you more than 100 per share...example Google goes public at $80/share in 2004...in 2006 google stock is up to nearly $600/share...hmmm |
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djbreslin
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To the person who suggested that good stocks cost more than $100/share... I'm sorry, but that shows a complete lack of understanding of the stock market. It's about overall capitalization, not individual share price.
And if you just want to get your feet wet, yes, $100 is fine. Follow the lead of others who have answered with specific places to open accounts. The ShareBuilder.com suggestion was nice. |
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