Jan
hey i have been told that i will need at least $500 to open up an account and trade stocks on the asx and etc….however i want to know is there any way around this….As i am very young and only get about $60 a week, $500 seems a lot too me aswell as if theres a chance i might lose it…..what if i want to invest stock in companys which are not on the asx directory how would i do this and would i need a stock broker? …when i started an account with cua bank, they gave me a share in their company….i did not need a broker then, why do i need one now? thanks in advance!!
Answer:
Mackz. Give your money to your parents, family, or close family friends to invest for you if that is what you really want to do. You need someone with investing experience to be able to do it properly for you, and by properly I mean investing in sound companies that won't end up going bankrupt and losing your money.
If you only get 16 and only get $60 a week, I would just save it and put it in a high yielding bank account (5% interest rate). That way you have access to the money should you ever need it when you want to buy things.
With investing, you really do need a larger amount of capital to start. I suggest holding off on it until maybe you have your first job and can store away more money.
Investing is a long term process. If you are looking for short term gains that is gambling, and you can do that by just playing cards with your buddies.
Answer:
Hi'
Go for online Market Dealings.Now most of the countries R allowing online Dealings to foreigners also.
Just log onto:-RelianceMoney.com & ask for answer to your investment problem
I hope U will succeed.
Get help of Google to find out RelianceMoney & many others.
India is the best to rush in ,in young age .
This country is disciplined & honest compared to ….
Answer:
You should try trading with CFDs online with a good trading platform that executes Australia where your money will go further. This will restrict you the higher capitalised stock (smaller, less liquid stocks will be difficult).
Try opening an account here after you have tested their platform http://www.offshorestockbrokers.com/trad…
Answer:
Don't bother with the stock market as it has hit some major snags with the credit and housing markets. Think 1970s. Take you $60 and buy silver. Try to buy as many silver bars (silver bullion) as you can each month and you will double your money within 2-3 years or less. Book Mark it-> del.icio.us | Reddit | Slashdot | Digg | Facebook | Technorati | Google | StumbleUpon | Window Live | Tailrank | Furl | Netscape | Yahoo | BlinkList