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Joined: Jul 2010
Posts: 6,412
Tiger
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OP
Tiger
Joined: Jul 2010
Posts: 6,412 |
Hi Everyone!
Just came across this awesome group and was wondering if anyone had any tips for a "first time" investor who does not have alot of money to play with. Thanks!
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Joined: Jan 2004
Posts: 22,934 Likes: 4
BellaOnline Editor Highest Posting Power Known to Humanity
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BellaOnline Editor Highest Posting Power Known to Humanity
Joined: Jan 2004
Posts: 22,934 Likes: 4 |
Welcome Angela!
I think a key is that most people start out with small amounts of money. The beauty of compound interest is that even a tiny amount of starting money will quickly snowball into larger amounts.
My philosophy is to invest in what I'm using. So I invest in Amazon and Google and similar stocks. I've never had any issue when doing that!
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Joined: Apr 2008
Posts: 56
Amoeba
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Amoeba
Joined: Apr 2008
Posts: 56 |
The best bet for a first-time investor with not a lot of money to invest is to set up an account at either Sharebuilder or Folioinvesting.com.
Both firms have no minimum and for a small monthly fee, you can invest any amount you want...even only a couple dollars.
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Joined: Jul 2010
Posts: 6,412
Tiger
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OP
Tiger
Joined: Jul 2010
Posts: 6,412 |
Thanks Lisa & Tony for the info 
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Joined: Jan 2004
Posts: 22,934 Likes: 4
BellaOnline Editor Highest Posting Power Known to Humanity
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BellaOnline Editor Highest Posting Power Known to Humanity
Joined: Jan 2004
Posts: 22,934 Likes: 4 |
Tony - I'm curious, do you not like etrade? I've used etrade for many years and it's what I still have a little money in.
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Joined: Apr 2008
Posts: 56
Amoeba
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Amoeba
Joined: Apr 2008
Posts: 56 |
I also have used etrade for years. The fees are resonable and, for me, they make it very easy to buy foreign stocks even in small amounts.
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Joined: Apr 2011
Posts: 67
Amoeba
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Amoeba
Joined: Apr 2011
Posts: 67 |
I think the first essential step to investing before ever deciding the what, where and when to invest is to READ,READ, READ and LEARN, LEARN, LEARN.
For a first time investor it is always advisable to start with small amounts.
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Joined: Jul 2010
Posts: 6,412
Tiger
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OP
Tiger
Joined: Jul 2010
Posts: 6,412 |
Hi rodav, welcome to the forum - I see you are new What would you suggest we read? Thanks,I think the first essential step to investing before ever deciding the what, where and when to invest is to READ,READ, READ and LEARN, LEARN, LEARN.
For a first time investor it is always advisable to start with small amounts.
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