First, you no longer have a penalty (at least in Scottrade and similar types of brokerages) for buying less than a full block of stock. So you can buy as few shares of lots of things as your money will allow.
Recently I saw an opportunity for Baker Hughes Tool but only had enough free money for something like 85 shares. The commission was still $7. It was still enough to turn a profit, but if the opportunity arose when I had more free cash then the marginal value would have been better.
Say you had a thousand available (better still, $1,007) for one trade. Then you subtract the commission for a trade and divide the remainder by the expected available price of the stock you are interested in. I say ?expected? because if the price is rising and you buy it ?at market? then you may have to cough up some extra cash to cover if the price edges above your personal limit. Then you could place a limit order at your maximum number, but some other brokerages charge extra for anything other than market orders.
The Standard & Poors 500 list is a pretty broadly held list that people scrutinize often. They are listed for the comparatively safe prospects of market value growth. Not skyrockets by any stretch, but COMPARATIVELY solid firms. Here is a list of those that are under $10 per share: TLAB, DYN, Q, F, CPWR, CC, NOVL, LSI, UIS, JAVA, THC. Research them as best you can. Then if one interests you, buy some. By the way, Sharebuilder.com is good for buying with limited resources?but not speculative trading, there is difference. If you are investing and don?t know what you are doing, then this list will help. You can certainly do worse.
Source: http://rothira.solve-up.com/roth-ira/what-are-the-best-investments-for-very-little-money/
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