Question:

What is a good stock to buy with 145 dollars.?

by  |  earlier

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im looking to maybe double the money. please help.

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7 ANSWERS


  1. Thats not a lot of cash.  If you can wait two years buy Ford near 5 and it should be 10 by then.


  2. I have to admit that with $145, you can't really make that much money.  You would have to pick a really good stock to make your money double, and it would involve a lot of risk.  Plus, most online discount brokerage firms require account minimums.  I currently use Firstrade though and I know that they do not require any minimum deposits.  They're relatively cheap ($6.95 per trade) so if you're interested, check out their website: http://www.firstrade.com/.

  3. There are none, and you should put the money into a savings account, when you have saved up $1,000 you can buy a mutual fund or ETF, and after 5-7 years that $1,000 might have doubled.

    Do some more reading about the market and learn, great to do while you are saving up the one grand that you will invest.

  4. An outfit called sharebuilder.com (part of ING Direct) has no minimums or fees for a basic account, and you can accumulate stock even in fractional shares ($4 for those trades, $10 for a regular real-time trade).

    Certainly 145 bucks isn't much to work with and doubling your money will take some combination of skill, luck, and time.

    Disclaimer: I am not particularly plugging this site, don't have any association with them, but seems to be the first that comes to mind for someone starting really small.

  5. Maybe you should take a more realistic view of the market and the securities trade in it.

    If your total investing amount is $145 you won't be able to do much so looking for a good stock is mute point

    Most firms have minimum requirements for opening an account or initial trades.  You're well below this minimum

  6. Personally, with 145 dollars and the current state of the economy, you are probably best off putting it in a CD.

    Many stock require that you buy 100 shares, so your stock would have to be priced at $1.45 a share or less.  Most stocks that low are very volatile. (93% chance of the company going bakrupt, 6.999% chance that the stock will stay about the same in the long term, and 0.001% chance the stock will hit it big.)

    Your best options are to invest in a company you know and feel comfortable with. An example in my case is Sony who just won the HD format war with Blu-ray and is starting to see increased sales of their PS3 console -thus I predict that they will see increased sales in the future and their stocks will rise.  But around $40-$55/share is a little high with what you have to spend.  You can also look for a stock that just split, or if you think a company will be bought out by a bigger company (example:if microsoft were to buy Yahoo).

    Personally, as I said earlier, I would put it in a CD and wait until I had a little more to invest and go more for safety than the big payday (which could end in you loosing everything).

    At least with a CD, you will earn more interest than a savings account, and they come in 6 month, 9 month, 12 month, and multiple year increments. Oh, and most stock services either charge a monthly fee, have a decent startup cost, and/or charge you a fee when you sell your stocks - so part of your $145 may go to fees.

  7. Doubling your money in the stock market is really quite difficult - at least with the timeframe that I think you are thinking of.  It can be done over time with good, well-founded stocks, but you'll probably earn more than $145 doing something else in the time it takes for that to happen.  The quickest way to do it is with a penny-stock - that's also the riskiest.  Go ahead, start looking at the OTC/bulletin board listings and pick a 7-cent stock.  The most you could lose is $145.

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