> How to buy stock?

How to buy stock?

Posted at: 2014-12-05 
Buying stocks with a small amount of money such as $300 is very difficult to make a lot of money on. Buying stocks using a site such as etrade charges you a commission of $10 to buy and another $10 to sell. That means you need to make at least $20 from your stock before you make any profit. With only $300 I would suggest buying "penny stocks" to try to make any money. Preferably stocks under $1. If you spend $290 ($10 commission fee to buy) on a stock that is only $0.05 a share, you will own 5800 shares. If the stock goes up to $0.50 then you will have made $0.45 per share that you own. 5800 shares x $0.45 = $2610. Then when you choose to sell it you will have $2600 because of another $10 commission. If you bought a stock priced at $50 then you would only be able to get 6 shares (I'm using $310 investment to make it an even number after commission). This stock would have to increase over $300 per share to gain the same amount of revenue as you would have made buying a penny stock. It is possible for this to happen, but it most likely would take a very long time for it to happen. On the down side, penny stocks are very risky. With the possible reward of making money fast, you can always lose money just as quickly. There is a lot that goes into trading stocks successfully and honestly nobody on here will be able to put one answer that will get you rich. Make sure you do a lot of research in the company that you want to invest in and decide if you think the company will do good or not. Also look at the charts of previous days and weeks to see if the stock has been going up or down. To be honest with you, I would suggest you only invest your $300 if you are willing to lose it, because you most likely will. If you don't lose it all, you probably will end up losing money on the commission at least.

Ok. Trading stocks is a HUGE field. The answers to your questions depend on many many many factors. Yes, you can buy stock for $300 but each stock has a different price value. While some stocks are worth $0.05 some are worth over $1000. Therefore, you could either buy a lot or you could buy very little based upon what you can afford. Of course you want to buy a stock that is trending upwards, but the market can be finicky and your stock can go down at a moment's notice too. To actually get into trading you need to get a trading platform through which you can buy and sell stocks. Some such companies are Etrade, Fidelity, or Interactive Brokers. Buy working with these companies, you have to pay a transaction fee usually ranging from $3 to $14, depending on the company you use. This in itself can make you lose money because to make any profit your stock has to gain you more money than twice the transaction fee because they will charge you to sell your stock too. I recommend holding off on the stock market. Especially since we are kind of in a squirrely economy right now. Instead save up your money and hold off until you have some more, and try not to spend it. I am pleased to see that you are interested in trading because, yes, there is a LOT of money to be made, but only if you play it right. For more information I recommend doing some research and/or going to a local financial adviser or money manager for further information.

You buy stocks from a broker there are multiple online brokers such as e trade. Majority of brokers have a minimum amount to open an account I believe the average is $500-$1000. I'd suggest going to investopedia.com they have loads of very useful information also they have games where you buy and sell stock at current prices to kinda get a feel for the stock market without the risk of loosing money and lastly read the intelligent investor by Benjamin graham.

Hello,

I've been trading the market for just a few months. My cousin actually told me about this website (http://pennystocks.toptips.org)and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.

For more info: http://pennystocks.toptips.org

Bye Bye

Im 16, and I actively invest in the stock market.

Since I also have relatively low funds to play with ($5000 that I generated from ebay buying/selling for past 5 years) Im very picky about the stocks I pick. My best friend (also 16 and ran the Ebay account with me) and I run a LLC (with a parent as principle member) that we want to eventually turn into a financial firm, currently it just acts as an investment club.

I normally invest in $300 bunches (depends on the stock however), as the stocks I pick are in the $10-20 range usually.

Feel free to message me if you have any questions :)

How do you do it and can you buy stock with only $300? Should you but cheap stocks or not so cheap ones? A lot stocks or just one? I'm only a teen but I want to try to make some money before I start to work over the summer and lastly is there really a profit to be made from this?