I want to buy stock/share for $700 long term investment?

Can Anyone let me know, Because I want buy the stock for long term investment, I am thinking to buy walmart stock.
Please let me know the sugestion, I dont like to trade, I want to keep it for 2-3years.

Which stock that are good that 2-3 years investment.

Seven hundred dollars, while it might seem to be a lot, isn't. You can't get into the game with that stake. Further, long term in the stock market is ten to twenty years. That's based on the conventional wisdom that the market hasn't "lost" in any ten year period in modern time. May I suggest that if you are adamant about WalMart for three years that you consider using http://www.foliofn.com/index.jsp that would allow you to get in and out without being eaten alive. Don't get me wrong, just because you can do something doesn't make it a good idea to do it. I'd suggest a CD until you learn more and have more.

2-3 yrs is not a long term investment, its a CD

Just to add though, I am certainly not against investing in stocks. But you must understand that 2-3 yrs is not considered a long term in the world of investing. If you really want in on stocks, you must 1st, increase your time horizon. Anything under 5-7 yrs is short term. & $700 is not large enough to have a balanced, & diversified portfolio for that time frame. If you must invest like that, do mutual funds, EFTs or something like sharebuilder.com that alows small regular purchases.

Ok, first mistake. Trying to get into the market wiht $700. Fees will eat up most/all of your profits. Better to do as the other poster says and buy a CD.

As for the Walmart stock...If you would have bought that stock with your $700 3 years ago you would have lost about $70 (not including fees). Look outside the box...buy local smaller companies. At least those are companies that you read about constantly....the walmarts and microsofts of the world stopped appreciating in stock value long ago! if you want the home run you have to A) invest more money and B) invest in a smaller company. Both are risks you have to be willing to make. And if you think long term is 2-3 years, I simply don't see how you can risk it. Better to diversify into an index fund. Lower risk with decent returns...

You may be more interested in purchasing an exchange traded fund (ETF). These types of funds are similar to mutual funds, but are traded on the stock market. They are generally safer and have a decent return, better than a cd. Powershares has a pretty decent selection, so if you look them up in Yahoo stock screener, you can see what is available. You will probably want to purchase it through a discount broker like Scottrade. That will minimize the amount of commissions that you are paying. You will have to transact over the internet, but that's not a major deal. I have invested about $800 with them and have done quite well. Good luck with your efforts.

It's probably not a good idea to put all of your eggs in one basket. You should diversify. If retail or Wal-Mart takes a dive, you could lose some money. With only $700 to invest, diversifying in the market will cost to much money (with trading fees) in relation to what you have to invest. Wait until you have more money to invest and then you can buy Wal-Mart as part of a balanced portfolio. Until then, keep your money in a money market or a CD. A bond or a mutual fund might work too but you'll have to do some research first.