I have $200 to invest in stocks. I want complete control of my cash. I want no advice. I don’t want huge fees for spreading my small investment amount over several stocks and not buying in complete lots.
Actually, I’m not worried about turning my cash into major profits. I just want to have the fun of investing and I want to get annual reports. It’s more of a learning experience than anything.
How do I find an online investment account that suits my needs?
Tue, Mar 9, 2010
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March 9th, 2010 at 12:44 am
$200 is not enough to byuy shares with.
Buy a CD(certificate of Deposit) with it.
When you have tiny amounts of money, commissions and acct charges will decimate your little nest egg.
March 9th, 2010 at 12:47 am
buy silver
March 9th, 2010 at 1:39 am
Have you considered Scottrade? Scottrade is a discount broker geared towards the experienced, self driven investor.
You can open an account with as little as a $500 deposit. They have a flat rate ($7) for most online market and limit equity orders, regardless of your trade frequency, account balance, or the number of shares in a transaction. Scottrade does not charge for inactive accounts or for account maintenance, and there are no minimum number of transactions (trades) required.
You can compare the commissions/fees of several brokerage firms at: http://www. scottrade. com/online_broker_comparison/discount_brokerage_comparison. asp .
I hope you find this information useful. Please let me know if you have any additional questions. I’d be happy to help.
Scottrade
www. Scottrade. com
1-800-619-7283