Question: How can you invest in stock with only one dollar ($1) or $2? Stock market investing is quiet interesting. As a proof, a teen from North Carolina wants to know how can she invest in stock with only one or two dollars. Here’s her message;
Grace, I am a lucky I found your blog because I am looking for a investing tips. I want to invest for my future. I want to start investing money today up to 10 years. Give me advice.
Invest in Stock with Only One Dollar $1 is Possible
The reason why I want to write this message and answer the question in this blog is I want to emphasize that investing in stocks will not require you to start with huge amount. For only $1, you can start investing in stocks? Is this true? Let’s find out.
If you will start investing in stocks, he stock brokerage companies allows investors to fund their account in any given amount. However, even though you can fund your brokerage account and start buying shares, it is not easy to start with only $1.
Consider the fees, tax when buying stocks. Also, you have to know about “board lot” and “stock prices”. If you want buy Apple stocks (say for example), you need to spend $94.09 as of this writing. What if the board lot is 10, then you can buy only one.Buy 10 APPL stocks if the board lot is 10. Therefore, you need $940 or more to buy Apple stocks. Also, calculate the things mentioned above such as fees, taxes, etc.
If You Invest In Stock with Only One Dollar $1
If you will invest money in the stock market with only $1 per month, that’s not a good idea. The fees will only eat your money. If you prefer to save $1 and at the end of the month you saved $30, that would be great. That means, every 3 and a half months, you can save $100. And this time, $100 is quiet a good investment capital in the stock market.
The best thing to do if you want to invest in stock with only one dollar $1 is to save it first in the bank and then once you saved $100, put the money in your brokerage account and start buying shares.