So I was thinking about throwing about $300 into some stocks. Unfortunately, I know jack about them. Anyone dabble? I hear "mid-cap" stocks are the way to go this year. Unfortunately "mid-cap" sounds like a medium sized mushroom to me.
So I was thinking about throwing about $300 into some stocks. Unfortunately, I know jack about them. Anyone dabble? I hear "mid-cap" stocks are the way to go this year. Unfortunately "mid-cap" sounds like a medium sized mushroom to me.
"The problem with the world is that everyone is a few drinks behind."
-Humphrey Bogart
"Sir, if you were my husband, I would poison your drink."
-Lady Astor to Winston Churchill
"Madam, if you were my wife, I would drink it."
-His reply
"If God had intended us to drink beer, He would have given us stomachs."
-David Daye
You need to speak with an investment advisor who will assess your finances and make a strategic plan for you based on your income, savings, and lifestyle.





Truthfully, between broker commissions and 'odd lot' premiums, trying to buy / trade stocks via transactions in the hundreds of dollars really doesn't cut it. In order to get 'efficient' (in other words, in order to avoid the commissions and 'odd lot' premiums taking a big bite out of your investment before you even own it) you need to be making transactions in the thousands of dollars not hundreds.
Mid-cap companies are corporations with market capitalization bet, $2-10 billion. And Melonie is right. If you sign up for a brokerage account anywhere, its going to cost you $20-50 bucks to place one trade. Then, with such a small amount of money, you're going to likely have to pay custodial fees on your account, $20-80 annually. If you put such a small amount in a single stock, and that stock tanks, you've lost all of your investment. Its so risky.
If you want to do it though, try something like Whole Foods (WFMI on NASDAQ I think, check yahoo finance). FYI, I'm not giving you financial advice, but health retail is a growing economic sector and something "tangible."
BUT.....and I wholeheartedly agree with Melonie, $300 isn't going to get you much. I would put it in one of those high-yield online money markets like ING or EmmigrantDirect, and systematically save monthly until it becomes a few thousand. For my clients, I won't invest such a small amount of money, its too risky and fees WILL eat away at gains.
"Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
"And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion
Originally Posted by Mia M
Crap....you mean I won't become a millionaire overnight? Dammit....this really puts a cramp on my weekend....
"The problem with the world is that everyone is a few drinks behind."
-Humphrey Bogart
"Sir, if you were my husband, I would poison your drink."
-Lady Astor to Winston Churchill
"Madam, if you were my wife, I would drink it."
-His reply
"If God had intended us to drink beer, He would have given us stomachs."
-David Daye





BUY silver
Costco is still a great stock. Don't listen to MSN, CNN, and all of that shit. They aren't out to help people become financially successful. They are there to appeal to advertisers buying airtime.
Ignore the tickers people! $300 worth of gold or silver isn't much better. Wait until you have at least $2,000.
"Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
"And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion
Originally Posted by Mia M
Given that you are just getting started, I would recommend looking at a 5 star mutual fund with a monthly investment. When you get about $50,000 and have learned about stocks, then start looking at a specific stock.
"Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
"And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion
Originally Posted by Mia M
Send me the $300, I'll either double it or I'll tell you a really cool story about a casino in Gulfport Miss.





I have always had good luck with utilities - low risk and they make you a few bucks - SWG - Southwest Gas .
??? Do you mean Vanguard Mutual Funds, or Vanguard as a high yield money market account????
For good returns on Money with the opportunity to pay taxes on 100% of your interest, look on Bankrate.com.
For good returns (historic performance does not predict future results) Mutual Funds, look under American Funds and check out the minimum investments.
And so on.
^^^Sorry. Vanguard Mutual Funds, . I've heard good things from trusted sources about decent investing with decent returns and decent fees and decent risk for the unsophisticated. Just passing those good things on.
If you want to invest it without a minimum requirement, you could always look into an ETF. They trade like stocks, so you buy per share. Really, what I would need to know is how much you have saved already in cash, and if you're contributing to a Roth (if you can). If those are adequately funded, then I would open up a brokerage account, keep the money in cash sweep, and systematically add more.
All of the best mutual funds I'd recommend require at least $2,000 just to start, and there are many good options. But I'm not going to give that away on here.![]()
"Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
"And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion
Originally Posted by Mia M
"Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
"And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion
Originally Posted by Mia M
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