I'm not even old enough to be investing so hiring an advisor is not my route..iWisdom wrote:You'd be much better off hiring a financial advisor if you are seriously interested in investing. That being said, numerous websites give decent investing tips. Google for them.
Furthermore, $100 is really not a lot to invest. You're highly unlikely to make/lose much of anything with it.
I am invested in highly diversified index funds (and super funds). They have taken a beating over the last few years, but I'm not in it to watch it go up and down every day. I'm in it for the next 40ish years. The value of my shares are down now, because the market is down, but that also means that my shares in the fund are cheaper so my constant dollars buy more. When the market goes up so will my investment. It's not very exciting or sexy, but it is a tried and true method. Just makes sure that as you approach retirement that you start to limit your exposure. You certainly don't want to be fully invested in the market a few years before retirement . . . in case the market makes another nose dive (and it does that fairly regularly).Green Light wrote:So now that my parents sold are 17 year business. (Pizza & Italian food down here, North Miami Beach)
I have a bit extra cash that I earned working there for the past 3 years.
I'm thinking about removing my investment in a mutual fund (VKQ) because it's seems to be going nowhere and fast.
My brother went out today to Wamu and created an online banking account for me.. So I was thinking that I could invest a hundred dollars just to play around with.. As an investment.
Now that hard part, since this will be my first investment.. I was wondering what I should invest in..
At first I was thinking technologies.. I still am.. but un-sure what..
I wanted to invest in Newegg.com but sadly they are not open to the public.
So what stocks are you invested if any.. And what stock would you be likely to invest in if you were to invest?
Yeah Google is a great stock.. but the quotes @ around 300+ I would like to get a handful of those but I won't be investing in that till I have a 'nice' income.wGEric wrote:Check out a couple different companies. $100 isn't going to go very far. You probably won't learn anything from just $100. Also investing in the stock market isn't a short term thing. It could take years for your $100 to actually drop or rise.
Ahh sure. I actually thought of that, and needed a partner let me get my paypal logo.. and we can do ths;DavidIQ wrote:You can invest your $100 in the David IQ fund (PayPal logo) even though a return on investment is not always guaranteed.
I don't think soDavidIQ wrote:Sounds good to me...as long as the 100 bucks that goes into my account is in Euros and the 110 I put in yours is in Mexican Pesos.
E-Trade maybe?BTW, what program/company do you use to even invest in a stock?
i think all penny stocks are in the Pink Sheets? on Pink Sheets, wikipedia says the following:Though I'm not sure what penny stock to choose..
Any of you in a penny stock?
also, on OTC Bulletin Board:Buying Pink Sheets shares is supposed to be difficult. Broker-dealers are enjoined to weed-out unsophisticated investors who may get an e-mail or word-of-mouth tip about a small stock. Many Pink Sheets stocks may only be registered for sale in one state so that the only way to purchase the stock is to make a DRIP/business/unsolicited/accredited or other sophisticated form of investment. Many registered representatives do not even know how or if they can sell them.
so do not do penny stocks.The SEC issues stern warnings to investors to beware of common fraud and manipulation schemes. As such, most companies choose to list on more established exchanges such as the AMEX, NYSE, or NASDAQ once eligible.