Localfund.com - All about Fund and Investment
*Home>>>Invest Money

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
Thanks

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.

I've included a bunch of short answers, also, in case you just can't stand to read up on this stuff.

I would start with no-load mutual funds, not stocks. No load because you don't pay an exchange fee. Mutual funds because they are less volatile (typically) than individual stocks.

If you were looking to invest for retirement purposes, I would start by investing in any employer-sponsored 401k accounts that are available to me. Often, employers contribute matching funds into those accounts, making them a great investment.

I would open an account with a large brokerage house - Fidelity, T. Rowe Price, something like that.

Remember, everyone who ends up with a large investment portfolio started out with a small nest egg.

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

symbol DE

Scottrade.com is a great online broker.

If you want to learn about investing, you might want to create a "practice" portfolio at http://www.top10traders.com - it's free. Each month the site ranks the best performing investors.

Tags
  Investment Calculator   Investment Bank   Investment Advice   Investment Account   Invest Money   Invest in Gold   Invest Fund   Income Fund
Related information
  • I am 20, in the Army, and going overseas soon. How can I invest the money I make over there wisely?

    Hey. Great idea starting early to save. I could give you all kinds of detailed advice, but chances are you're still in the early stages of accumulating money, so most of it is premature....

  • What is the best way, low risk but with high interest rates, to invest the money in my personal account?

    Get the student loans paid off before you invest. You'll be losing the difference in the interest between what you PAY (in interest) on the student loans and what you RECEIVE (in interest or ...

  • Where to invest money?

    ...

  • If you have $20,000 Plus to invest, whats the best way to use money to make money?

    Standard investment advice is that you should invest in a diversified mix of stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks as individual stocks are too ri...

  • What's the best use of my money: to pay off a mortgage sooner or to invest in the money in the stock market?

    Investing in stock market is not a sure business man.. Find someone to live with you and share some costs and pay off the mortage asap! :)

    ...
  • Is it good to invest money in the specialty coffee industry (e.g. Starbucks)?

    I think you can still make money in the sector, but one must be very very selective as to what they are choosing. Starbucks Corp. (SBUX) is the leader in the group and a brand name that many are...

  • I want to invest money in Newyork life insurance.20,000per year.is this good place to invest my money.?

    it depends on what your goals are. you should speak with an advisor. as for the company, new york life is a solid one. i would have no qualms about a life policy from them.

    ...
  • Can you invest money without a 401k?

    Sure, there a number of ways. If you're 18 or over, you can start up a brokerage account pretty easily and invest that way. If you're under 18, you could still do it using a custodial a...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster