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I want to start Investing Money into the Stock Market, Where should I invest? |
What Broker should I use if I am starting off investing no more that $1000? I dont want to start off with a large amount, i want to work my way up. Which company is best for a beginner Investor? What company actually has clients that start off investing only $1000-$2000 to start off with? Any advice would be very appreciated First off, I would read up a bit on the basics of money management and investment. I like MotleyFool.com for that, but there are many many web sites that can get you started. They will give you much more comprehensive and complete answer than anyone could give you here. most mutual fund companies have funds with low initial required investments. try vanguard or t. rowe price. i use morningstar.com to research I like Schwab. I don't think there's a minimum to open a brokerage account (If there is, I'm sure it's less than $1000). You can do all of your trading online using their website. https://www.schwab.com/ With that small of an amount I wouldn't use a broker. Put it in E trade or Ameritrade. Stick to COmmisions of less then $15. Brokers will charge you 50 or more for just about any trade. It makes it harder to gain money when you give 5% just for trading with them. Deere & Co Scottrade.com is a great online broker. |
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