Small Stock Market Start

[SkyHog]

I have a friend that wants to play in the stock market with a very small initial investment, like $50. He checked out loyal3.com but wasn't impressed with their limitation on which stocks can be bought.

Any advice?

 

[AggieMike88]

Define "play the stock market"....

Are you talking day trading?

Or split the $50 amongst some stock or funds and let it soak for weeks/months/longer?

 

[airdale]

I have a friend that wants to play in the stock market with a very small initial investment, like $50. ...

I suggest that he take a match and just burn it. That is a much more efficient use of his time.

 

[eman1200]

$50, wow. I just talked a friend out of putting 500 in so I got nothing for ya

 

[ja_user]

50? I guess he could buy and index fund and in a year or 5 whenever he got 10% he would have a whole 5 profit, pretax of course.....

At 8 dollars a trade, he isn't buying much for stocks

 

[asechrest]

Check out Robinhood. No trade fees. And with amounts that small, trading fees would eat him alive.

 

[masloki]

How about less about playing in the stock market, and more about enjoying owning companies?

Something like firstshare.com or giveashare.com. Set up the account, reinvest the dividends. Everyone starts somewhere.

 

[frfly172]

Looks like your talking about someone who wants to get into the penny stock day trading,and making a million. Good luck on that.

 

[EppyGA]

I have a friend that wants to play in the stock market with a very small initial investment, like $50. He checked out loyal3.com but wasn't impressed with their limitation on which stocks can be bought.

Any advice?

Tell Bryan to stay away from Penny stocks.