Intro to Stock buying....

[SpursDynasty]

WHat site should I use?

What things should I know about registering, fees, guidelines, etc?

What information do I need?

Is 200 bucks enough to buy some Sirius Stock?

Help wanted.

 

[BleedDodgerBlue]

Not really

you can get about 25 to 30 shares depending on commision price of sirius right now trading at 6.5

even if the stock doubles in the year you only will then have around 400.

if you are looking for a big gain, forget it. is 200 that important to you assuming it will eventually double which is a big "if"

put the 200 and put it on one game. much quicker reward albeit with risk.

the stock market is for people with money. don't let anyone else fool you. YES, you can make some money with your 200, but the most you can do unless you hit a horseshoe baby stock is gradually double up over time and maybe double your money.

better to pick one game and double up or lose it.

you aren't gonna get rich enough to retire with 25 shares of sirius stock.

gl

 

[Smitty]

i use scottrade. it's only $7/trade. there are even cheaper ones available. i think sharebuilder might be one. there might be a $500 minimum to open an account though. shop around.

yahoo has some good research tools available also, if you just want to look into some stocks before opening an account somewhere.

as bdb says, $200 will not grow into a nest egg that you can retire on, but it's a start. if you can put that much into stocks every month, it will get you in the habit of funding your trading account. also, even if you only have a few shares of a stock, that will drive you to follow the company closer, which will help you make decisions down the road as to when to sell the stock or buy more.

if you want a great place to get some advice, i'd strongly recommend the motley fool. just go to fool dot com.

 

[s_dooley24]

I have a Fidelity account. I think its $5k minimum to start though. Another good site for info is Morningstar.com

 

[amhlilhaus]

don't use sharebuilder, there are certain stocks you can't buy with them and if you are going to invest, you need access to everything, nothing worse than researching a stock, liking it and then go to buy it and have your broker say ' it's not on our approved list'.

if you are going to invest in stocks, 'how to make money in stocks' by bill o'neill is what I use, and also it should be a commitment to put more in your account to build it up, starting small and building will develop your skills so when you have thousands to put into a stock you'll be a better stock picker. good luck

 

[Pink Panties]

$200

$200

Before you go investing $200 bucks in Sirius I would hope you are maxing your 401K contribution - if you just have 200 sitting around take it to poker room....or just put it on Ohio State today. :clap:

 

[s_dooley24]

I would wait until I had a little more cash saved up to make a stock purchase because the commission is going to take you for 5% or so off the top. So, you would need sirius to go up a few % pts just to get back to the break evenpoint. The more shares you buy the lower the commission % on your purchase as a whole. Think of this as a front-load mutual fund in a way (if that makes sense to you).