A good choice for Investment?
Question:
$100 is really not enough to invest into a company. If that stock takes a minor point dip, you loose.
Take that $100 and bank it and add to it steadily, $20 a week. When you have $500 you should invest it into a CD at a bank. Shop for the highest % and bank it. Keep saving though...the more you save the more you have to invest. When you are 21, buy a house. This is the BEST investment next to an education that you can get.
My advice depends on your particular situation. Can you afford to lose the $100.00?
Are you getting a $100.00 on a regular basis? If the answer is yes to BOTH of these questions, then my advice is to use other people’s money to make money and use your $100 as collateral. Therefore, invest in instruments that allow you to use leverage. In particular, stock options offer a limited risk and unlimited rewards. If your investment choice goes bad, you will only use the $100.00 or so. If you’re investment make money, then, the proceeds are invested more conservatively and the $100 is reinvested aggressively again. I recommend you to read a book by Joel Greenblatt before you start investing “you can be a stock market genius…”
Good luck
Boudames
$100 is not really enough, but it will do. Just open a Sharebuilder.com account and it only costs about $4 for auto investment. Use the auto investment for only 1 time. Pick a stock like Yahoo, Google, Microsoft, Intel, etc.
I got some of those info from this blog, http://chi-style.blogspot.com/
Have fun investing!
If you are learning about the market, and looking for good investment ideas, I think the best thing to do is see what the best traders are buying and selling and why. You can find this information at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.
Here are this month's best traders:
http://www.top10traders.com/top10standin...
My favorite stock right now is Bodisen Biotech, BBC. This is a Chinese company that sells organic fertilizers.
http://www.top10traders.com/viewpost.asp...
Good luck.
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