Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
I Am Going to Invest about 100.00 in the stock market tomorrow any ideas on which stock to put my money in.?
I want some good stocks that will make to some money!!
9 Answers
- Anonymous1 decade agoFavorite Answer
stocks? plural? with $100. Have you considered commissions or account fees for such a low amount. I can't even think of any no load funds interested in $100. Put it in the bank until you have some money to invest.
Beware of drip plans not in a retirement account. Calculating your cost basis is a nightmare.
- ?Lv 45 years ago
Easiest way is to just open an account at some brokerage, buy a stock and lose your money. Not the bright way, of course. You do not want to invest the easy way- you want to invest the Smart Way. Because that is what you must do to be successful. Like any other worthwhile thing, you have to learn how before you can successfully do. If you do not want to learn how, then you can go to some managing brokerage firms and they will invest for you. That will improve the odds of growth when compared to entering the market without skill, but it will probably not be a very strong return, and it won't be managed closely because it's just not enough money to keep them interested. They prefer million-dollar clients. I strongly recommend some serious study of the market. Information is all over the net, in thousands of books and so on. There are investing tutors, even simulators where you research, select, buy/sell and do everything you would in live trading, but without having real money at stake- and that's an excellent knowledge builder. NOTHING teaches better than experience, and nothing will clean your plow faster than investing without it. Simulators provide a way to experience. Last- DO NOT buy a penny stock or any company stock that you can't thoroughly research and verify. If you are unwilling to do that buy the safer things such as Exchange Traded Funds (ETF's) which are pools of major stocks and are much less volatile than trading individual stocks. There are three key factors to successful investing. Knowing what to buy- Knowing when to buy- and Knowing when to sell. Miss on any of the three, and your prospects diminish quickly. Just under 3 years ago and prior to the recession crash, my mother cashed in a $16,000 CD and gave it to me to invest for her. Today, without another dollar being invested, her portfolio is worth $91,500. Not an accident nor good luck- it's knowing how the game is played, and that's learned in a school you never graduate from.
- Ron BerueLv 61 decade ago
In the beginning “newbie” traders and investors DO NOT INVEST THE FIRST cent or dollar. No amount of money.
In the beginning you LEARN HOW:
A] the stock market works.
B] to invest in many, many various ways.
C] to properly trade
D] many other concepts and aspects.
Beginning or novice ['newbies"] investors and traders ALWAYS make mistakes. In fact, throughout a person's avocation or hobby to do trading, he/she will make mistakes.
In the very beginning, you READ AND LEARN about the market and how it works:
Read "Investing for Dummies"
As you are reading and doing research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before.
You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to Investopedia’s dictionary.
http://investopedia.com/ is a free site. It’s recognized by Y! A as a "Featured Knowledge Partner".
It probably won’t be long when you’ll feel you’re ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in. It also has a free, paper trading platform. You can set up a virtual account and almost trade as though you were trading with real money.
http://finance.yahoo.com/ is also recognized by Y! A as a "Featured Knowledge Partner"
END E-MAIL #1
The thought processes are:
1] to have more successful trades than failing trades.
2] to minimize the losses of those losing trades.
3] "To live to trade another day." Having enough money in the trading account to return to the market.
ALL this is accomplished by a few true expressions used on Wall Street:
Some trading expressions come to mind:
A] "On Wall Street there aren't any gifts."
No one gives anyone else anything - not even stock tips.
B] BUlls [BUyers] earn money.
BEars [SEllers] earn money.
Pigs get fat.
Hogs [Greedy Traders] get slaughtered. They lose the money in their trading accounts.
C] "Trees don't grow to Heaven. Neither do stocks or any other investments."
In other words: What goes up, MUST come down!
D] "Plan your trade. THEN trade your plan!"
Have a trading plan with rules for that plan for each strategy.
$100 may not be enough for you to get started. I want everyone to know I DO NOT own any portion of this man’s estate, nor am I associated with him or any one else connected with him in any way. I am not part of the publishing company or an agent or anything else. This man does not know me from Adam AND I don’t know him. I know of him and the wonderful book he wrote. THIS IS NOT SPAM.
You should buy a copy of this book:
“The Richest Man in Babylon” by George S. Classon. You can get the book on http://amazon.com/
Its very easy to read. Its very easy to follow. You can write in it. You can make notes in it. All you have to do is to read five [5] pages - Let’s count
1 - 2 - 3 - 4 - 5 pages of this book - or any book - each and every day.
OR You can leave it sit on the shelf, on a table or on the floor and let it collect dust.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
Source(s): My wonderful family! My wonderful coaches and mentors! TWO [2] of THE ABSOLUTE BEST, MOST wonderful trading groups in the world, which I am most proud to be a member of! Trading stocks and options more than 2 years. "THE University of Hard Knocks" - !!!Lv 71 decade ago
100.00 or 10,000.00, regardless of dollar amount what do you expect, not want, the stock to do?
Are you a short term trader or a long term trader? Do you like stocks that pay great dividends or no dividends? Are you a value investor or momentum investor?
There are stocks that make new highs every day. Investigate them first.
- How do you think about the answers? You can sign in to vote the answer.
- RabbitLv 71 decade ago
That is a tad bit smaller than most brokerage minimums, did you put the number in right?
Deep Down (DPDW) is selling for about 73 cents per share, so if your brokerage fee isn't too large. Deep Down does deep sea oil drilling manipulation (it is complicated).
(Scottrade is about $8-ish for stocks under a $1 per share, but they have a $500 minimum, possibly too rich for your largesse)
Genesis Phrmaceuticals (GTEC) is going for about 31 cents and Specialized Health Products (SHPI) was 96 cents. All of these have good return on equity numbers and price to earnings ratios (Deep Down is a bit steep at 75, and a bit heavy on debt compared to the others. Each have good prospects of growth.
- 1 decade ago
With only $100 I would strongly recommend looking at a DRIP Plan. They are great investments, and you can start them with just a little amount of money.
Check them out.
Best of Luck
- Anonymous1 decade ago
I am not sure what Homer is talking about. I have never had any problems with the tax work for my DRIP Plan.
Mine has been a great investment.
I recommend them.