The title says it all. I want to invest $500 into something, I don't really know what to invest in. Please don't give stupid anything like "Invest in my crypter" "invest in my e-book" etc. 🤝
I have $500 CAD to invest. What should I invest in. |
Put it into stocks, and start day trading with small low value stocks.. Usually I buy 1000 shares or so for the stocks I buy which equals to some nice profit even it goes up 10-30 cents. You do this good for 1-4 stocks a day, hell even one, it's profit and the next day you have more money to invest.
(Sep 14, 2014 03:56 PM)poild Wrote: Put it into stocks, and start day trading with small low value stocks.. Usually I buy 1000 shares or so for the stocks I buy which equals to some nice profit even it goes up 10-30 cents. You do this good for 1-4 stocks a day, hell even one, it's profit and the next day you have more money to invest. Its not as easy as that. Where should he go to invest, TD bank i find is best for starting out, You have to go in person to start an account, once its setup your free to xfer money to it whenever. They will get you started and most times its 7$ per sale or purchase of shares so be careful you can spend alot just buying and selling. If you want to invest in forex, which is currencys rising or falling, let me know and i can help you get started online through a broker i use. Stocks and such you have to meet a investment banker in person. (Sep 14, 2014 05:26 PM)djdirt Wrote: Its not as easy as that. Where should he go to invest, TD bank i find is best for starting out, You have to go in person to start an account, once its setup your free to xfer money to it whenever. They will get you started and most times its 7$ per sale or purchase of shares so be careful you can spend alot just buying and selling. I believe it's pretty easy. All I did was open an account with eTrade and deposit money. $7.95 fee buying a stock.$25 fee for doing a wire transfer. Use a market simulator to practice with stocks, buy on eTrade, cut your losses if loosing, get 10% or more profit when you research right. That's it. That's day trading. You could swing trade or just hold something for really long term. I try and make money fast since I was doing binary options. I'm not the type to hold on for months unless I know this would be beneficial majorly. As for forex, something like usd/jpy in the recent days, if you mess up in the wrong direction since it's very volatile from BABA, you could screw yourself pretty bad. But, I believe you should do whatever you're best at.. |
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