In any brokerage account as opposed to mutual funds, you would have a fee of about $8.00 or more. I opened an account years ago that only charges $5.00, but no broker has fees that small to new investors. Even $5 would be excessive for a $30 investment.
If you're looking to actively trade, then I'd recommend doing a lot of research on the front-end. This includes learning accounting and finance basics. Investopedia.com has some quick video tutorials that are valuable for new investors.
If you're looking to passively invest (put your money away and forget about it), then a mutual fund may be your best avenue. Your money will be invested by professionals who research and trade for a living.
Like others have mentioned, commissions are around $7 per trade and most brokers require at least a $500 starting investment. It's best to save up your money, do some research on the best investment vehicle for your situation, then decide where to invest it.
Hope this helps.
Vanguard has a good tutorial on their site . I use Vanguard myself for investing . Look here .
commissions are usually $7.95 a trade, so that would be like 40% cost to trade.
you need to get more investment dollars first and consider the expense and read up on investing.
Okay, I want to invest in stocks but I have a little problem, I know nothing about how to or what to do. Where do I go to invest a little bit of money? What are the best ways to invest? How to buy a stock? What stock is good & which is bad? Do you have to be a certain age? I know investing money is really risky but I wanna take a try & take a risk. What are the ways to go at this? I'll probably start off small like $20 to $30 dollars, but I just need to know the basics. Any advice or information would help & be much appreciated.
