Q&A: How much should you start out with for investing in stocks?
Anne edited the following
Q&A: How much should you start out with for investing in stocks?
I want to start an Ameritrade account or one of the other brands of online investing. What’s a good amount to get started?
The following is the answer:
Answer by nobody
I’d start with a mutual fund, personally, if this was my first investment. A stock index fund that has no load and very low expense ratio and a ,000 minimum to get in would be ideal. But, I’m not sure the timing would be right for this since the Dow just hit a record high today. Should have bought when things were lower.
Answer by Emzy
For investing you don’t need that much money, depends on how much you hope to make, around 20k is probably a good start, but you need at least 50k for trading in order to get anything out of it at all, since you’ll be buying and selling stocks more often. For investing you hold your stock much longer.
Answer by vegas_iwish
Don’t need 20-50k as not going to be trading heavily (I hope). Would be nice to have at least 00 so could pick up 2 or 3 mutual funds but if have less – do it. Key is to start now & stop thinking about why you should delay any longer.
Answer by stock.geek
Hi, i suggest a great site with plenty of Issues related to your investing and everything around it. it also provide clear and accurate answer to many common questions.
I am sure that you can get your answers in this website.
http://investing.sitesled.com/
Good Luck and Best Wishes!
Answer by zyberianwarrior
you really don’t need that much money. 0 is plenty to get involved. But you have to be wary of the fees of buying and selling the stocks. No Load (no fees) mutual funds are still good despite the problems with them. But you have to do a lot of research watch a lot of business progams before investing in anything to see what the “experts” think. CNBC, Bloomberg and Fox business block saturdays are excellent for picking information. One place I recommend for starters is http://www.marketocracy.com no risk all play money but the stocks are real. and its free to enter.
As far as this sitesled.com goes its more of a question an answer for basic use. The poster needs to start reading these questions before babbling about this site. The question here has NO USE for the site you recommend.
Johnny it may be to buy but nearly to sell. Better options than that out there.
Answer by Johnny B
If you use sharebuilder, 4 is enough to get started! Buying stock only costs , one of the lowest on the internet. They’ve been around for years and that’s where I got my start.
Graciously
The Investing Sensei
http://www.investingsensei.blogspot.com
If you have any other questions, comments, or concerns you can contact me at:
My Site: http://investingsensei.blogspot.com
Email: investingsensei@yahoo.com
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