Investing

I was wondering if any of you guys invest small amounts of money in stocks or other things. I have less then $1000 and looking to invest it somewhere. Do any of you do something similar to this? Are penny stocks worth it? Any info or advice would be appreciated.


Thanks

penny stock= Bullshit

$1000 is nowhere enough for you to invest, other factors you need to take into consideration are taxes and fees.

Real stock players seperate their accounts into many different stocks, maybe 20% into AMD, 20% into Intel, 20% Apple....you get the jist.

Each tranaction costs you anywhere from 7-15 in fees, which would be roughly 14-30 for a full buy and sell. Lets say you buy $200 in AAPL (Apple) and gain 25% (Substantial amount) you would make $50, BUT you would be paying ~$20 in fees to the brooker and then a good 30% (About) to Uncle Sam, so in reality you would lose. MY POINT is thats too little of an amount to really invest in the stock market.

Do a bunch of free sites that offer cash, you should be able to double the amount you invest in purchasing refs by doing this.

I someone disagree with compfreak.

If your looking for a long term investment, put it in some mutual funds and leave them be for a few years.

Eventually if you continue to invest you will pull out a decent chunk of change....the longer you leave it and add to it the more you'll end up with.

Best thing would be do leave it until your ready to retire early.

since ones offered you any sold advice...and i dont think ref sites consitutute soldid investments...

You could invest your money in an actively managed fund, the fund manager would place your money where he thinks best. For this you may pay an initial commission of 0.5% to 2.5%

Second option could be an index tracker, which will just track the total value of the stock index, and will have a minimal charge.

Unless you know what your doing picking stocks is really something you need to know a bit about, and its better to spread your risks.

I think the charges mentioned above are slightly inflated, i just invested another $10,000 and the initial charge was $60 total in an active fund - its not tax deductable.

Right not the best thing you can do is buy Real Money by Jim Cramer. Singlehandley one of the best stock market books out there. He will tell you some great fund/hedge managers to invest that $1,000 with. If you want to have a good idea of general investing/personal fianace/ what to actually do with your money will you grow up and not get caught in debt read Rich Dad, Poor Dad by Robert Kiawyosy (last name spelled wrong but its a well known book you should be able to easily find). I have read both and of these books and more incase your wondering.

ok...i kinda disagree with you all. i have been investing for years, and no amount is really too small. $1000 is a fairly good start, but you want to remember that it is best if you can continually add to it.

INVEST LONG TERM. if you do not know what you are doing with penny stocks, stay away. they are bad news and a high percentage of people end up losing all their money.

although mutual funds are good, i would encouage you to pick 2 or 3 of your own stocks. study them, check out what they are worth, and get an all-around perspective of the company. you need to know the strengths and weaknesses of a company.

the 20% in apple, 20% in intel, so on and so forth, is good for the fact that you are spliting your money up, but you wouldn't have enough diversity. if you invest 20% in apple, invest 20% in Wendy's or something different.

$1000 is not too little, and you can use it to do a couple of stocks. some companies will let you start out with $100 or less, and monthly investments (a very good idea) at $25 to $50. diversify and know your stocks, and invest long term.

I havent read the thread completely, but there seems to be some good and bad comments..

$1000 is a great amount to get started with. Stay away from the penny stocks! Take a look at ETFs.. they provide some advantages over Mutual Funds.

I dont suggest playing numerous stocks with your 1k.. you will get absolutely destroyed by commissions.

Dont want to pay commission? Read up on DRIPs. This is one of my favorite ways to invest.

Oh, and dont waste your money on Cramers book.. Read Graham if you want to learn something.

Stay away from Enron and Kmart

[quoted575ca02a3="liquidskin"]I havent read the thread completely, but there seems to be some good and bad comments..

$1000 is a great amount to get started with. Stay away from the penny stocks! Take a look at ETFs.. they provide some advantages over Mutual Funds.

I dont suggest playing numerous stocks with your 1k.. you will get absolutely destroyed by commissions.

Dont want to pay commission? Read up on DRIPs. This is one of my favorite ways to invest.

Oh, and dont waste your money on Cramers book.. Read Graham if you want to learn something.[/quoted575ca02a3]
Hahaha have you ever even read the thing? And for the record $1000 is not enough to start owning indiviudual stocks. Enough to invest in a mutual suck I mean fund yes but your own stocks no.

[quote6549fc25ad="Sweeney2066"][quote6549fc25ad="liquidskin"]I havent read the thread completely, but there seems to be some good and bad comments..

$1000 is a great amount to get started with. Stay away from the penny stocks! Take a look at ETFs.. they provide some advantages over Mutual Funds.

I dont suggest playing numerous stocks with your 1k.. you will get absolutely destroyed by commissions.

Dont want to pay commission? Read up on DRIPs. This is one of my favorite ways to invest.

Oh, and dont waste your money on Cramers book.. Read Graham if you want to learn something.[/quote6549fc25ad]
Hahaha have you ever even read the thing? And for the record $1000 is not enough to start owning indiviudual stocks. Enough to invest in a mutual suck I mean fund yes but your own stocks no.[/quote6549fc25ad]

yes, I did read the book. ive also seen the show many times. sure, hes energetic, but the man is a complete joke. im well aware of his wall street success, but that doesnt mean EVERYONE has to read and accept this guy. the man is literally a laughing stock in the finance world.. ive attended numerous investing conferences where a joke about cramer turns up every time. if you really want to learn how to play this wild thing called the stock market, dont listen to this man.. learn how to make the decisions on your own. this is the only way you will succeed.

[quoteb7038a7518="liquidskin"]
yes, I did read the book. ive also seen the show many times. sure, hes energetic, but the man is a complete joke. im well aware of his wall street success, but that doesnt mean EVERYONE has to read and accept this guy. the man is literally a laughing stock in the finance world.. ive attended numerous investing conferences where a joke about cramer turns up every time. if you really want to learn how to play this wild thing called the stock market, dont listen to this man.. learn how to make the decisions on your own. this is the only way you will succeed.[/quoteb7038a7518]
Is he the moron that jumps around like a gorilla while taking people's calls yelling and screaming?

I think AndrewUkR6 has given the best advice here if you want a solid investment. If you want to have a little fun though, you can maybe pick one or two moderately priced stocks and hold on to them. You can't actively trade, as commissions would make up a large part of that grand and it wouldn't make any sense as many have said.

[quote711fbd5b6c="liquidskin"]

yes, I did read the book. ive also seen the show many times. sure, hes energetic, but the man is a complete joke. im well aware of his wall street success, but that doesnt mean EVERYONE has to read and accept this guy. the man is literally a laughing stock in the finance world.. ive attended numerous investing conferences where a joke about cramer turns up every time. if you really want to learn how to play this wild thing called the stock market, dont listen to this man.. learn how to make the decisions on your own. this is the only way you will succeed.[/quote711fbd5b6c]
He is a laughing stock in the finance world because he is different. And while I totally argee with you that you do have to make your own decisions to play the stock market...not just watch his show and buy those stocks... I also think his book had some great things that can be used.

[quote3cf460719d="superintendent"]I was wondering if any of you guys invest small amounts of money in stocks or other things. I have less then $1000 and looking to invest it somewhere. Do any of you do something similar to this? Are penny stocks worth it? Any info or advice would be appreciated.


Thanks[/quote3cf460719d]


hahaha dont get me started.
fuck penny stocks.

leverge your $1000.
put it into a low-risk mutal fund or something.
my dad is a financial planner and he says mutal funds are a great way to let your money grow.

You could always put it in an IRA too.

Put it into a Roth IRA[=http//en.wikipedia.org/wiki/Roth_ira]Roth IRA. Its boring but $1000 isn't enough to really use in the stock market...

Roth IRA is a good idea. Its a long term investment and if you cash it out after retirement, you do not pay taxes on it.

I think I'm going to start putting money in a Roth IRA each year. My dad said he would match what I put in so I might as well put around $1000 in there.

Hey guys, thanks for all the helpful replies. I have now have some ideas of what I should and should not do. I was looking at that Roth IRA thing and it looks interesting, only problem is you have to wait a while for the money to add up.

http//moneycentral.msn.com/content/Investing/Startinvesting/P73751.asp

Well yeah investing isn't a short term thing. If you want quick money I got nothing for you. You invest in some IRAs and some blue chip stocks or mutual funds and your 401k and once you get some money in there, you take some money and make riskier investments...