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/biz/ - Business & Finance

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1489964 No.1489964 [Reply] [Original]

Hi /biz/, my mom recently gave me $300 and told me to only invest it, but I have no clue about good entry-level stockbrokers, everything seems to be 1k or higher minimum.

>> No.1489966

Robinhood.
Or try investing in yourself

>> No.1489978

>>1489964
Buy chink stuff from Aliexpress and sell at x9000 profit.

>> No.1489988

>>1489966
>Robinhood
lol, she said invest it, not piss it away

>> No.1489998

>>1489964
open a vanguard brokerage account and buy some index fundst. i don't think there's a minimum and the fees are negligible. don't fall for the stock trading meme

>> No.1490012
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1490012

>>1489998
>300 dollars
>fees negligible
>lose 11 years worth of vanguard gains just opening the account.

>> No.1490016

>>1489988
>entry-level stockbrokers
Who do you suggest that won't bar the OP based on starting minimum then?

>> No.1490086

>>1490016
http://www.usatoday.com/story/money/columnist/waggoner/2012/12/13/investing-waggoner-small-amounts-money/1766921/

>> No.1490116

>>1489964
>Use the $300 to buy a suit, resume help, etc.
>Get a job. Any job.
>Make $400 back in the first week if doing minimum wage work. More if you got a better job.
>Continue
You will never make returns like that trading stocks. Investing takes a lot of money to make real money. Each dollar doesn't make that much, but when you have a lot of them you can actually get somewhere.

>> No.1490306

>>1490116
If you need nice threads and and a professsional review of your resume for an intervieq, you probably also ned experience in the field you're applying

>> No.1490314

>>1490116
This is actually the best investment you can make right now.

>>1489964
since it's found money, you should speculate on cryptos. max risk, max reward. if she insists on stocks, buy $300 worth of alcoa (AA) and hold. sell at 6% profit after the split and buy something else.

>> No.1490344
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1490344

>>1490314
>Cryptocurrency

And what is the best way of investing into those?

>> No.1490365

>>1490344
OP, please don't fall for the meme.

>>1490116 is the only advice you should be looking at. If you are not old enough, save it.

>> No.1490368

>>1490344
buy bitcoin on coinbase.
transfer bitcoin to poloniex.com
buy coins with bitcoin.

>>1490365
I'm assuming his mother gave him $300 and is requiring him to invest it. Cryptos are perfect for him. If he loses it, he lost nothing. If they go up 1000% as only cryptos can, he makes bank.


alternatively, start a roth ira if you are 15-18. use 300 to get you started and contribute what you can regularly. you'll be in good shape come retirement.

>> No.1491359

Step 1. Buy bitcoin
Step 2. Put $100 of it in LaraBOT on telegram
Step 3. Get 3% daily forever
Step 4 profittt!??!?
Step 5. Ponzi collapses

>> No.1491962

>>1489988
If all you're interested in is buying stocks and forgetting about them for a few months (or years) then I don't see why you wouldn't use Robinhood. You don't need real-time tools to hold stock for 5 years.

>> No.1492180

>>1489964
Anyone below 18 is not allowed on 4chan. If you're above 18, then this is pretty pathetic...

>> No.1493625

Spend all $300 on personal finance books. Give her a $300 iou at 10% apr annd make monthly payments to her. Both confuse and impress her.

Also learn money management and fh need to oay her will drive u to get a oart time job and study

Gl anon.

>> No.1493686

Just save it for your education.