Quote:
Originally Posted by Robert Fischer
There are stocks and similar markets where you can deposit a few hundred dollars, and invest in the short term?
One of you guys take me under your wing, and show me how to do this.
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It's very easy. I have an account with Siebert, which I got automatically moved into when Overstock closed their brokerage company, but you can use something like Robinhood. I have an account with them, too, but I haven't made any trades with them yet, but you can buy as much or as little stock, ETFs, etc, as you want and there are no commissions. All you do is fund the account using your checking account information and you can start accumulating stock. With things like ETFs, REITS, in addition to stocks, it's very easy to diversify, easier than it used to be years ago. For instance, I bought an ETF this week that is mostly vested in crude oil, but I also went into commercial real estate, and bought some shares in a Vanguard ETF (there are a lot of Vanguard ETF's), Vanguard is a renowned mutual fund/etf company. ETF's tend to be much less volatile but don't shoot up as fast.
I'm far from an expert. I worked on Wall St. for a year a long time ago and my father was a stockbroker so I know the basics. Obviously, the key right now is, has the market totally priced in an impending recession? If not, it could drop some more but this has been a huge sell-off, a stock market crash. Based on past stock market crashes, it's already there. Since it went down so fast, will it go up fast? Hard to say, but in markets like this, my guess is that the rich will start cost averaging and get richer. Here is a link that rates some of the companies.
By the way, you can buy small amounts. You can purchase 10 shares of a company if you want.
https://www.nerdwallet.com/best/inve...-stock-trading
