Stock Markets Exposed
First time online stock purchases.?
Any suggestions what online firms to use if I only have minimal money to invest? Most places make you start by depositing large funds which I don't have. Thanks!
Public Comments
- You can always go to mystockfund.com. They will have you set up an account and you can purchase once each month FREE. It will cost you about $5.00 a month for a fee but, you would pay that in any bank account. You will also probably have to have a bank account to transfer the money to if you are in a hurry. I am not certain about that part. It is a site to help you invest for the long term and hold the stock for a long time. They also have lists of their most popular stocks. Hope this helps.
- First of all, you have to define your investing goal and objective before you make your investing decision. For example, if you are seeking a long term investment but don't have a lot of money and willing to put a fixed amount of money each months for a long period of time, you may consider to purchase companies's stock through "Stock Transfer Agent" What is Stock Transfer Agent? Basically, companies that have publicly traded securities typically use transfer agents to keep track of the individuals and entities that own their stocks and bonds. How can i find a Stock Transfer Agent for the company i want to invest? Usually, you can find a Stock Transfer Agent under the company's website, and it is usually under the investor relations section or "contact us" section. Why should i buy stocks from Stock Transfer Agent rather than stock broker? The beauty of buy a stock from Stock Transfer Agent is you can invest as little as $50 with a very little fee. For example, if you want to invest in JPMORGAN&CHASE, but you don't have a couple of thousand dollars yet. An initial cash investment can be as little as $250 with a small fee to own a company stock. Another feature is you can reinvest the dividends to buy more shares free of charge, usually. Also, you can invest additional shares as little as $50 annually. At last, you can buy and sell your shares freely through Stock Transfer Agent, or transfer your shares to any brokerage firm than sell it. P.S. Before you buy stocks through Stock Transfer Agent make sure you read through their program and their charge.
