Question by : How much income is required to do stock investing?
Do you need to have to already have a fat wallet to even consider stock or no?
Also, who knows of a stock investing and trade site besides E trade?
Very best answer:
Answer by Samantha17
I’ll reccomend not less than $ 500.
Know better? Leave your personal answer in the comments!
You could look at this way, how much money are you willing to loose? You really don’t need a fat wallet to start investing in companies. There are other websites such as Charles Schwab, Sharebuilder, Fidelity, just to name a couple, where you can trade stocks. I personally use Sharebuilder because they are part of ING and I can transfer money easy and they do not require a minimum dollar balance. Check each website out and then decide for yourself which would be the one for you.
Depends on the services your looking for… Full service brokers normally want 2 to 5000 to start an account, discount brokers normally want 500 to 2000 to open an account, some dont ask for a min but to make a trade with them youll need about 100 for any order under that….
You should paper trade options before using real money… and the best site to use is thinkorswim.com