How can I invest in the stockmarket and make instant returns right now. I got $100 in the bank.?
I kinda just want to gamble it and see if I can multiply it. But I don't know anything about Forex or Stock market.Is there like a website similar to ebay how does this work. I know i can just trade currency at my bank without the fancy graphs and whatnot.
- SteveLv 61 year ago
To put it bluntly but honestly, go away and come back when you have thousands to invest. Knowledge about how the market works as well.
- ntLv 61 year ago
STOP. THINK. You have no business gambling. You are very likely to lose all your money if you try.
- RichardLv 71 year ago
$100 is WAY too little money for gambling in the markets.
First, make sure that you have at least 6 months' savings that you can access in case of an emergency. NEVER use this reserve for gambling.
Then, and only then, start reading a LOT of legitimate books on investing, stocks, etc. IGNORE sales materials prepared by schlock brokers that offer deals on precious metals, margin, and other gimmicks. If possible, go to an adult education course on investing.
- JudyLv 71 year ago
take it to a casino and put it all on red. Or go buy lottery tickets
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- Anonymous1 year ago
- Trivial OneLv 71 year ago
You need to learn a whole lot more before you put any money up.
You either need a personal broker (who won't deal with amounts anywhere near as small as $100) or you need to open a brokerage account, which usually requires a minimum of more like $3000.
I suggest you do a lot of reading first. Start with something like "Investing for Dummies" that's really basic and learn your way up from there.
- zman492Lv 71 year ago
For practical purposes, to invest in the stock market you have to open a brokerage account. You put money into the account and inform your brokerage what you buy or sell. You pay a commission on every purchase or sale.
Most brokerages will require more than $100 to open an account. There are no instant profits. You have to wait or the price of any stock you buy to go up in value enough to go up in price (by more than the amount you pay in commissions) to be able to sell the stock at a profit.
If you wan to consider it gambling, consider the commissions as the vigorish. For transaction of less than $100 you will find the vigorish at a casino lower. While you will probably lose money at a casino, you have a better chance of multiplying the amount you bet.