We are looking to only invest like $500 in some stocks that are down but will go back up. What companies should we be looking at? I had thought about GM but haven't heard good things about their stock. I opened a TD Ameritrade account today and any help is appreciated.
Natural Medicine Man
Favorite Answer
With such a very small amount your best bet (and it is a bet since stocks are a gamble) is to purchase a mutual fund of your choice.
Otherwise the commissions will eat all of the profits plus.
?
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Anonymous
GM is bankrupt, cross it off the list.
With $500 you might to better with an account a Buyandhold.com or sharebuilder.com. After trading fees, there is no way to come out a head in stocks with such a small amount of money.
monceaux
that's extremely confusing to do extra suited than the marketplace well-known, even for the pros. the simplest thank you to make a residing on the inventory marketplace is to start up with a million money, make investments it in a inventory index fund, and stay off the 7 to 10% well-known benefit in step with 300 and sixty 5 days, recognizing that there will be extra suited years and years with a loss. yet beginning with little or no and attempting to make sufficient to outlive will in all probability require margin debts (borrowing money to take a place with) which make it a lot extra possibly which you will lose each thing: not something to in basic terms play around with.
Joey A
Some good companies you should look to invest in are, General Electric (GE), Microsoft, Sony, Dell and Apple. GE is the best one too invest in though.