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What stock investing company should i use if i am just starting out and have minimal funds to invest? |
What stock investing company should i use if i am just starting out and have minimal funds to invest? I use Scottrade.com. It takes a minimum $500 to open account. I have always been happy with their customer service and trades are only $7. Buy the ETF SPY. You would be diversified even if you just put in $200. Most mutual funds can't beat or track the SP500 which is what SPY tracks. Sharebuilder.com, sign up for the lowest comission plan and invest at least $200 a month. Zecco.com is great. No commissions if you trade stocks online (for the first 40) and no minimums. You can't beat it. If you would like to invest for your retirement, you can start up an IRA with www.fidelity.com for as little as $250 to start, as long as you commit to invest $250 per month. They have target-date retirement funds which invest your money in underlying mutual funds, making investing simple. SogoInvest. |
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Disclaimer: I am not an investment professional, so consider this as a suggestion and not a professional opinion. Do your own research before considering or applying any of these options. You m... I can answer this question from a US based perspective. The price of a mutual fund is completely irrelevant. Just as the price as a factor by itself for a stock is irrelevant. New mutual funds ... If you are a US investor, you might want to consider the FTSE/Xinhua China 25 Index Fund (ticker: FXI) exchange traded fund (ETF). The iShares FTSE/Xinhua China 25 Index Fund seeks investment resu... depends on your job really. Industry superfunds are generally the better & safer option. As the advertisments stipulate, they have lower fees, higher interest therefore generating greater retur... put it in reliance diversified power sector tata infrastructure sundaram midcap sbi contra it will make u a good return in 10 nyr period of time ...Investing in stocks is like anything else, it's something you have to learn. A rilly, rilly, hard way to learn would be to jump in with your hard-earned 5.5K and lose a lot of it. You'l... What Varun failed to mention is that you can reinvest your dividends and its like nothing happened. You get shares to replace the value of the share price lost due to the dividend. Vanguard Equ... Corporations do that all the time, typically to hedge risk (oil company hedging againist fall in oil prices - that sort of thing). It is treated as a business expense or profit, and taxed the same... |
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