What is the best (and cheapest) way to purchase stock?

Question:

Hey all, I want to buy a couple of hundred dollars worth of stock in a small company. The current price of the stock is less than 20 cents - I think it's worth a gamble. What is the easiest and cheapest way to do this? This is a one time only deal - I don't want to buy anything else after this purchase. When I tried to register at TDAmeritrade they wanted me to open an account with $2000 - ouch.

I just want to spend a couple of hundred bucks on some stock and hang on to it for a few years. That's it. nothing else!

Advice please?

Thank you!

Answer:
Look I have been investing for 30 years and can not answer this question very well. 20 cent stock probably trading on the pink sheets, will it go up I have no idea. If this two hundred dollars is important to you don't buy stock, invest in a savings account. I do not know of anybody who will open account for 200$. Sorry but I think you maybe doing wishful thinking. Good luck, this was intended to be helpful, I hope.

I use sharebuilders.com .. I made $1,500. they only charge 4.00 per share if you click the question "want us to watch the stocks for you" or it charges nothing. I made 2,000.00 in HRZ shares there when it was 15.00 back a year a go. Now today its $33.00 today. Then I took some out at the wrong time. it went down then. ( When I wished I left it all there) I'm under a catagory there where they dont charge. ( I have to keep an eye ) when to pull out. ( so I dont get charged 4.00 a share. ) ... it all sounds confusing but click on them and read about them. good luck. www.sharebuilders.com

I agree, sharebuilders, is an awesome website for people new to stocks.

If you don't have $2,000.00 then the stock market is not the best way for you to make some money.

I suggest you to buy a used Honda Insight or used Toyota Prius and you will save thousands of dollars on gasoline each year.

What is the best (and cheapest) way to purchase stock?

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