Stocks: you open an account with a broker (e-trade, fidelity, etc).
Then you set up a way to get money into that account (usually direct deposit from your current bank.
Once the stock account has cash in it, you can buy stocks. But there's a service fee of about $10 to purchase stocks, so if you only buy $500, that's a big percentage you gave away off the top. $10 on a $10,000 purchase isn't as high a percentage.
My advice: pay down any debts you have, then build up an emergency fund (6 months living expenses, cash in the bank). Only then if you still have extra money should you invest.
If you want to invest money and earn money like the 3% that owns 97% of the money in the USA, you should get hold of me.. 765-585-2637 and if you think this is to good to be true, than you would never find something good..
Your question indicates you know very little about this subject and what you do know is muddled and too diverse.
Buy a book on investing (dummies guide), read thoroughly to get an idea what it is all about. Then ask questions!!
Investing triples your money in a decade.
Gambling triples your money overnight.
So you want to "invest" a $1000. so you will have $3000, in 2024?
What is your "real" plan?
Im currently 18 and will end school in like a month, I am having a hard time understanding investments and such. what I want to know is how do I get involved in the investment business. I am planning to invest about 500-1000 dollars. What types of investments are out there for me. I am thinking about bonds, but they are confusing me and where should I go directly to buy a bond online or bank.
If I should invest in stocks and shares then where should I make an account at and how should I get started in that is what I choose to do.
Also can someone explain to me how exactly do treasury bonds work? Like when I buy a bond supposedly for 100 dollars and I have an interest rate of 4% and what is yield. Also what are competitive bids and noncompetitive bids. thank you
