Do you have to have an obscene about of money to invest? Would $350 dollars go ANYWHERE? (even if I got lucky)

Question

I mean how much money do you really have to have, I've saw on CNBC they said if you don't have atleast 5K your just losing money...Is that true? Just any market, Stocks, precisous metals, or even Forex...Is this true?

Answer 1

at $350 you will be paying quite a high % in transaction fees.

if you want to invest amounts that low, you're best off buying a S&P500 ETF or mutual fund (mutual funds are better if you plan on adding small amounts of money periodically, as they usually don't carry broker's commissions).  forex or anything that requires frequent trading would erode your capital, and you'd be flushing potential gains down the toilet.

historically, the S&P500 has gone up an average of about 10.5% per year, so that $350 *should* get you about $35.50 in appreciation in the average year.

but $5k isn't an "obscene" amount of money.  hopefully you make many times that by working each year.

Answer 2

u can try this in the demo account .

and u can trade oil ,gold, NASDAQ 100, DJ 30 , and many more .Forex trading .

http://www.avafx.com/?tag=7777

Answer 3

You can open a mini account in Forex for $300. And you the $50 to buy a couple of books on the subject before hand.

Answer 4

I would advise you to invest it in a risk free account. So many people try an tackle the stock market and fail

Answer 5

$350 is pocket change for investors. Just put it in the bank for now. There are no sure bets any more. Even oil is going down now.

Answer 6

I recommend forex.  Check out this blog review and choose the best system for you.

http://allforexeveryday.wordpress.com

You can invest $100 in the system and get started with the rest.  You'll see that money back in a few days.