Money Forum World

Mcknight ltd · Joined: 08 Nov 2007 Posts: 2170

i am going to attempt my hand at the stock market for the first time. I have $600 to work with. any good stocks that are cheap now, but are projected to go up?

Carolyn Gallagher · Joined: 08 Nov 2007 Posts: 2163

If I were to guess you sound like youve got a short timeline that you plan to invest . just this is the equivalent to going to Vegas and putting it down on a table. With $600 if you could avoid a maintenance fee which are common with low investment amounts like yours youd still be paying say $20 in commissions to do one pair of buy/sells . there goes 3.4% of your money already.

Save up your money 1st, get maybe $2k that you're wanting to invest with no intention of touching it in the next 20 30 years. Then go throw it into SPY as another user suggested, or something of the sort, but you have to keep contributing . otherwise you could mount a spectacular return in 20 years time and still only be sitting on $10k if you didnt add anything .

Don · Joined: 08 Nov 2007 Posts: 2196

Jonathan · Joined: 08 Nov 2007 Posts: 2155

Maybe you may want to ask that question in here:

mylot.cjbthe

Don · Joined: 08 Nov 2007 Posts: 2196

Survey says...never ask anybody this question. I'll invest in the things you like.....example..favorite fast food joint...favorite brand of shoe....favorite soda....something to that.. Why could you invest in something that you dont use or consume on a weekly basis?

Normand Vincent · Joined: 08 Nov 2007 Posts: 2073

With that amount of money if you do much else transaction costs will destroy you, I could broaden and purchase SPY S&amp,P 500

In every part of this exchange traded fund, you get all 500 businesses of the S&amp,P 500®.

amex.com/spy/index.html

Noel · Joined: 08 Nov 2007 Posts: 2117

Ford F :