If you have no income but save up two thousand dollars...?

In the Classon book, you save the pennies and then put them to work is there any investment company that will take an investment under a hundred thousand dollars, If you have only two thousand dollars to invest?

The strategy of saving and investing pennies can this actually work?

Many mutual fund companies will accept initial investments of $100-$1000. Vanguard, T Rowe Price, Fidelity, American funds to name a few. Other than that, you are pretty much looking at investing in individual stocks which is much riskier because you are putting all your eggs in one basket. For $2000, I would recommend finding a mutual fund with a $1000 initial investment, and dollar cost averaging the rest. For example, Vanguard Star fund is a good one. It is very diversified with US stocks, bonds, and international stocks. Invest $1000 up front and maybe $100 a month after that. You will not double your money in a year, but a 10-15% average return can grow to quite a respectable amount over the long term (10+ years).

I think the minimum to open an account with Scottrade is only $500. You could start there and add to your account as you saved more.

Yes.

I suggest you to open a brokerage account at Zecco.

Buy a quality stock which will still be around in 10 years and has been around the last 10 years. Forget the Mutual funds as they cream off too much commission to make you rich from a small base. You can do it yourself with enough knowledge [free on internet or at Libraries] and save on that commission.
Yes, the pennies become dollars, too many people forget that.Try to reach goals of $500 and add to your initial stock by re investing dividends.
$10000 in the right stock can become $1 million in 10 years.It has been done in the past and will be done again in the future. Enjoy your investing.

Sharebuilder.com is good starting point or tradeking andfirsttrade.com. These websites give good info on strategies and research. Check them out and see what works for you . With $2000 you can invest in good mix of stock or mutual funds.

almost any brokerage firm will open up an account for $500.00 or more.

i use scottrade. they charge you $7.00 to buy the stock and then $7.00 more to sell the stock. you can buy and sell any amount of stock for the same fee. they charge you $7.00 for one stock or one thousand.

$2000.00 is a good amount to start with. just do your research on any stock you may buy. www.finance/yahoo.com is a good place to do your research free.

penny stocks are almost a sure loser. try to not buy anything under $5.00 or more.

buck