what stock investing company should i use if i am just starting out and have minimal funds to invest?
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- Buy the ETF SPY. You would be diversified even if you just put in $200. Most mutual funds can't beat or track the SP500 which is what SPY tracks.
- Sharebuilder.com, sign up for the lowest comission plan and invest at least $200 a month.
- I use Scottrade.com. It takes a minimum $500 to open account. I have always been happy with their customer service and trades are only $7.
- Zecco.com is great. No commissions if you trade stocks online (for the first 40) and no minimums. You can't beat it.
- If you would like to invest for your retirement, you can start up an IRA with www.fidelity.com for as little as $250 to start, as long as you commit to invest $250 per month. They have target-date retirement funds which invest your money in underlying mutual funds, making investing simple.
- SogoInvest.
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