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Investing a small amount of money.?

I have about $200 and I'm looking to invest it. I don't know the first thing about investing money and I don't want to get caught up in a whole bunch of stuff I know nothing about. What are some good website that I can go to that I can invest my money wisely.

Public Comments

  1. Start with a $1000 that will increase fast but $200 isn't bad go to etrade.com thats where I'm at....now I have bout 27,000 in the bank....
  2. i am hustlin
  3. I have made investments through Principal Financial and Vanguard in the past. It really was no big deal I just had them help me decide when I wanted my 401K contributions to be. I would suggest speaking with a financial advisor regarding a Roth IRA or a Traditional IRA. If you are going to want to be able to have access to the money sooner than later (and you are not retiring age) I think the Roth IRA would be the better option for you.
  4. i like scottrade, but $200 may be too little to open an account. and i like Dodge & Cox funds. Mathews has some good funds, but they may be risky/ volitile. my brother likes vanguard funds. i'd be real careful of Rydex funds. i got burned. with that small amount of money, you have to watch out for fees. they'll eat you up.
  5. Dear McLovin: I've included a quick and dirty guide to getting started in the stock market below. I recommend that you educate yourself about the market as much as possible before you start investing; you can find plenty of books on investing at any library or bookshore (I think Peter Lynch's books are a pretty good basic overview, try stuff on Warren Buffett or the Intelligent Investor by Ben Graham once you get a bit more advanced.) Also try morningstar.com and investopedia.com. Also I really like Apple stock (AAPL) at the moment. I hope this helps. Good luck! Getting started in the stock market is actually very easy. 1) Open a brokerage account. Check out a broker called Zecco (www.zecco.com). The company doesn’t charge a fee to buy or sell stock, doesn’t have a minimum balance, and won’t charge you a fee just for having an account open. Tradeking (www.tradeking.com) and Scottrade (www.scottrade.com) are other options. 2) Buy shares in an exchange traded fund. These are basically mutual funds that trade on the stock market, effectively allowing you to own a little stock in a large number of companies with a single trade. Two prominent examples are the iShares fund (IVV) and the SPDR fund (SPY) both of which hold all 500 stocks in the S&P 500 (a listing of the main US stocks). Both funds have very low costs and should track the performance of the stock market closely. 3) Sit back, relax and do nothing. The stock market averages a 10-12% return over long periods of time. Over 30 years an investment growing at 12% a year will increase 30 times (ie a $1,000 investment will be worth just under $30,000). Just keep adding more cash to your account whenever you can and don’t panic if the market drops a bit. You can also look into buying individual stocks, but either of these funds will make a great core holding.
  6. You can go through Zecco.com - which offers free trades. Or you can go through buyandhold.com - which offers window trades, plus you can buy fractions of shares.- a real plus for the very small investor. I got started with buyandhold.com, then once I got the hang of it, I invested a larger amoung of money, and am using zecco.
  7. $200 is really too small for the stock market put it with an online savings bank and let it grow from there.
  8. Open a brokerage account at TradeKing and invest in the ETF IOO.
  9. safetynet-mpm.com This cost you nothing and the return can be awesome.
  10. I don't recommend the stock market if you are starting with $200. You will get eaten alive in fees and not make much on the selling end either. There are much safer and more lucritive ways to invest your $200. If you want more info we can give it to you. email me at education@ze-rio.com
  11. just be carfull find out as much as you can 1st then make sure the product you will be selling you will enjoy selling it. if you get into some thing becouse it's cheap you wont get far unless you are passionate about what you sell. just do a lot of research dont try running before you can walk. email me if you would like info before you jump in l.daniels@able-electronics.com
  12. Check this site out .. exactly what you need http://www.prosper.com/referrals/lender.aspx?referrer=vboy637&utm_source=referrer-vboy637&utm_medium=referral-link&utm_content=link&utm_campaign=referrals-lender
  13. in un fund
  14. I would not put $200 in a stock account. put it in the bank & add to it until you have $1000. Open a broker account in Scottrade.(only $7 per trade,unless the ticker is less than $1. then it's slightly more). When you start to trade remember one thing. Make the first couple of trades count. Even if your gain is small. You must win the first few rounds to build your confidence. Without confidence in yourself you will lose your money. Study the company, check on quarterly earnings( should be positive), What product they have & is there a demand for it. all these things come into play.Yahoo has a good investment section.
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