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.

//A-V// asked in Business & FinanceInvesting · 9 years ago

What can I do with $100? Is there a way to invest such a low amount of money?

Normally, this would go into a savings account that would generate interest, but suppose that is not an option (and it isn't in my case). Is there a way to invest $100 in penny stocks or something similar online? How would I approach that?

4 Answers

Relevance
  • 9 years ago
    Favorite Answer

    You make your money by buying low and selling high. Look at the trends, do research on the company. $100 will be okay to start out with.

    Join Scottrade! It's free and easy. I just joined today. I'm 18 and started investing. If you use my referall code XZFY2202 you will get 3 free trades.

  • 4 years ago

    Your maximum suitable guess in this economic gadget may be bonds (municipal or super corp) making an investment in bonds is seen a medium risk investment and is lots safer than shares Municipal bonds are incredibly this: you own loan an quantity of funds to a township or county for something like development a sparkling highway you may assume annual returns of around 5-8% company bonds are precisely the comparable different than you're loaning money to firms to construct a sparkling production unit etc... this could be somewhat greater risky and you will assume returns of around 6-10% risk and advantages have an prompt courting, shop this in suggestions whilst choosing a bond or the different investment for that depend... additionally, bonds frequently tie up your money for no greater beneficial than a twelve months at a time...

  • 9 years ago

    you could do that, like go and open a scottrade account,

    BUT, you would run a HUGE risk of losing everything!!!

    1. $100 is NOT a lot of money.

    2. the VAst majority of stocks priced under $1 will go bust.

    3.

Still have questions? Get your answers by asking now.