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Topic: I need advice (Read 20047 times)

Zasypkina

Newbie

Karma: 0
Posts: 2

I need advice

« on: May 10, 2012, 01:13:25 PM »

Good evening!

Any suggestions on how much money I have to have just to start stock market trading? What is the fewest amount?


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DCA

Hero Member

Karma: 3
Posts: 152

Re: I need advice

« Reply #1 on: May 12, 2012, 10:54:53 AM »

That depends on the brokerage used. Most in Canada require a minimum balance of $1000. In a single stock I would say that the smallest amount for trading is around $500. If you are planning a buy and hold strategy it could be dropped to $100 per stock.

Although I would say that the minimum investment in a stock should grow as your portfolio grows. I think it is difficult to truly follow more than 30 stocks so I try to make my minimum investment in a stock 1/30th of my portfolio size.

D


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Zasypkina

Newbie

Karma: 0
Posts: 2

Re: I need advice

« Reply #2 on: May 18, 2012, 02:18:08 PM »

Thank you for advice!)
And less than that?
I found this: finance-forecast.c om. You can earn money on the stock market without fear of margin calls. Just predict, where you think the Dow Jones or S&P will close for a day, week or month. And what is great, that it's only 0,99$ to place your one bet.
What do you think?


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