In January I will have $200 to put into my Etrade account, how do I make this work for the most profit?

cfz
  • I know it isn't much at ALL but I'm a college student getting my feet wet. Should I invest in Penny Stocks? Any suggestions welcome! I know I won't turn $200 into millions but if I can flip any profit to buy more shares in something bigger and let it grow, that would be great. Just need help!!


  • Buy a fund. With $200, you can't day trade and each trade takes a huge dent out of your capital anyways (e.g. when you buy a stock, you'll be charged around $7 which is already 3.5% which is not easy to make back). Buy a mutual fund which buys many stocks so you will get to diversify yourself and be ready to hold it long term. With $200, the cost of buying and selling is too high


  • First of all, etrade doesn't charge monthly fees.
    However you will be paying a commission of $12.99 when you buy and $12.99 when you sell so keep that in mind.
    Technically you will only be able to invest $187.01

    Since you have such little money, if you are willing to risk it all for a return profit of 25% to 200% in short term, then look into these stocks mentioned in the news. Look for cheaper stocks, I wouldn't recommend a stock like goldmansachs (GS) because the stock would have to go up $80 for a 100% return.
    Financial stocks and motor companies is what you should be looking at.

    $200 is not much at all and you can't really make that much money securely in the market if you were to buy blue chips stocks with it, so I'd say either invest for speculation or let it earn interest in the bank.
    Until you can add up some more money to invest that is.


  • Do not buy penny stocks. Penny stocks are a penny for a reason. Over all with 200 dollar you're going to have a hard time even cover your fees. Etrade has a monthly fee too. If i was you i would just keep it in there savings account. Wait until you can 500 bucks then sign up for another account at Scottrade or somewhere else without monthly fees.


  • if you are looking for a quick profit look into a high risk stock (penny stock works) but be prepared to take a hit. with risk comes reward but the downside is to loose too.


  • Invest for the long term. Short term investing is too risky especially with the volatile market today. Safe investing include US Treasury bills, notes, and bonds. Not much gain, but little chance of losing. As far as Penny Stocks, it usually is a miss. Although once in a blue moon, they turn a huge profit like Tandy, Radio Shack, started out as a penny stock. Those however are very few and far between. Just be careful and don't get greedy. Money is easily lost. The more research you do, the better decision you could make.


  • A lot can happen in a month. Citigroup Bank went from $20 to $3 in a month. Then from $3 last Friday to $8 yesterday.

    Ask this question closer to X-mas.







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