With the markets being so low, I figure now would be a great time to start investing in stocks. I figure i’ll weather the storm for another 6-12 months, then the market should start to turn around. I have a little money left over every month and I want to make it work for me. I looked at E-Trade and Scot-trade, but it looks like I need thousands to start up. Any suggestions?
How can I start investing my money in the market without having thousands to start with?
Fri, Dec 11, 2009
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December 11th, 2009 at 2:46 am
i STRONGLY suggest investing in food stocks like McDonald’s which are not really affected by the economy as much.
-Start with a few stocks, and save your profits- soon you’ll have thousands.
-If that doen’s work, save monyey fromm a job or something
December 11th, 2009 at 3:11 am
A list of brokers provided below have no minimum account balance so they’re worth having a look at, a link sourced.
December 11th, 2009 at 3:45 am
I’m wondering why you don’t just open a FDIC savings account. You seem to be implying that you think the stock markets will have a rough time for 6-12 months; if that’s the case, how do you figure that NOW is a great time to start investing in stocks? At least with the savings account, your money is guaranteed; so if the market dumps over the next few months, at least you won’t be losing money.
But if you want to try your hand at stock picking, you can visit a company’s website to find out how to go about buying their stock without needing the thousands you might need to open an account with a broker.
On the other hand, if you have any credit card or installment loan debt with interest rates over 5%, you’re probably better off paying off the debts before speculating in anything like stocks. Consider this: if you invested in a market fund 30 years ago, and you consider the reality of the decline of the buying power of a dollar in that time (and it is a reality), you effectively have LESS money now than before you put it into the market back then (this according to John Mauldin, who appears on CNBC from time to time). Do you think the increased budget deficits as a result of gov’t bailouts will improve that situation?
December 11th, 2009 at 4:11 am
Click On source To see the system that I use and has proved to be very profitable.
Hands down. . . FAP Turbo is the absolute best and most complete income solution for people who:
1. Want to trade with the most accurate and profitable Forex robot in the world – 95% Winners.
2. Can’t Monitor the Forex Market because of a day job, commitments, etc and want an automatic software to do it for them.
3. Want to trade Forex profitably but don’t know how (no need to know, the robot does everything for you. . . from A to Z!)
4. Want a secondary or primary income source that’s consistent.
5. Want to be amongst the 1% of forex traders who grow their trading account like wild mushrooms.
6. Want to break out from the boring and frustrating routine of hard work and no money (but frequently a lot of debt!)
7. Want to Start making money today, not 2 months from now!
Happy Investing
December 11th, 2009 at 4:14 am
Exhange Traded Fund – ETF. These are counters that usually track a broad based types of stocks and commodities, including Indexes like the Dow Jones, or S&P.
The best thing about ETFs are that they are traded in the open market just like any other stocks in the respective exchanges. The management fees are very also low compared to unit trusts and mutual funds.
Some ETF are also available for purchase in small denomination like 100 shares (or odd lots). This allows one acquire a large basket of blue chips using a samll capital.
December 11th, 2009 at 4:59 am
see its very clear that the amount you invest is how much you have chance to win in the market. . . you must invest in forex trades under some broker and i know one of then best. . . . contact him through this website