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  • Apr 5th, 2006 11:10 pm
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Deal Fanatic
User avatar
Apr 8, 2001
5275 posts
32 upvotes
Adi_None wrote:alkapone stop hijacking people's threads unless you have something constructive to add.
Now...you have hurt my feelings :mad: :( > :(
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Deal Expert
User avatar
Dec 26, 2005
17068 posts
1830 upvotes
Thornhill
TigerEROS wrote:$200????? gotta be s**ting me!!!! What a laugher! You can't even afford to pay the commissions dude!

Try at least $5K.

Go buy yourself an MP3 player with 2 bills.
Yo dude. Take it easy. Everyone starts somewhere.

bjl
What we do in life echoes in Eternity... and in Google cache.
RFD discounts for Schluter products
Sr. Member
Nov 23, 2004
760 posts
1 upvote
alkapone wrote:Now...you have hurt my feelings :mad: :( > :(
Alright alkapone, I am a fan of your avatar - there, feel better now?? :D
Deal Addict
Mar 22, 2005
2008 posts
10 upvotes
t3359 wrote:Yo dude. Take it easy. Everyone starts somewhere.
Good attitude. Just think if we all put $200 in [rfdlink=/forums/autolink/redirectpage.php?linkid=167]Dell[/rfdlink], Microsoft, AOL, Berkshire Hathaway, Disney or McDonald's stock back in the day. Twenty years ago, it was common for a parent to buy their newborns one share of Disney stock.

Hindsight is 20/20, but many blue chippers will still be around in a few decades with a lot of growth ahead. Buy $200 of a big 5 bank stock, enroll in the dividend reinvestment plan (DRIP) and let it sit until you retire. You're buying shares for $60ish yielding 4%. In twenty years that $60 stock may grow to $600 (pre-split) and still yield 4%. However, that's 4% on $600. Since you only paid $60 for it, you're effectively getting 40% annually.

People who owned their bank stocks one or two decades ago can already claim that kind of dividend yield. People who buy now will be able to say the same sometime between 2019 and 2026. It's a long time to wait... unless your parents bought you a few shares of a favourite company when you were born.
Deal Fanatic
User avatar
Jan 28, 2005
6467 posts
460 upvotes
Scarborough
you don't need $5000 to start some people are just repeating what one person says. yes $200 will not get you any where but you probably need about $2000 or so. just start slow like you can get many stocks around $20 and you buy 100 shares it works out to about $2000 + commission. but you don't have to buy $20 stocks there are lots of good stocks out there that are less like 5,10,15... and anywhere in between. just start off slow and learn the ropes
Deal Addict
Jan 5, 2006
1054 posts
253 upvotes
Mississauga
lithiumli wrote:you don't need $5000 to start some people are just repeating what one person says. yes $200 will not get you any where but you probably need about $2000 or so. just start slow like you can get many stocks around $20 and you buy 100 shares it works out to about $2000 + commission. but you don't have to buy $20 stocks there are lots of good stocks out there that are less like 5,10,15... and anywhere in between. just start off slow and learn the ropes
well, you certainly need more than 200. The $5000 figure comes from what a lot of the bank brokerages set as a minimum for them to not charge you monthly for service charges on your trading account. It's certainly always a good idea to have an amount that surpasses the minimum just so that fluctuations in market value don't put you below that minimum value.
Newbie
Feb 25, 2006
44 posts
Ask close family members if they own any stocks that have a share purchase program. Usually they are fee-free, have no minimum, and the costs of additional share purchases is nil. Ask them to transfer one into your name. Its a bit of paper work involved, but the most likely way to invest starting small. After registering, you can send cheques as little as $50 and purchase fractional shares. Some companies to look into are the big banks and other large cap stocks.

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