I bought stock in UWT. Only $50 worth. Don't care if I lose it but could I end up owing a ton?
I bought stock in UWT. Only $50 worth. Don't care if I lose it but could I end up owing a ton if they bottom out or am I just betting my $50 and trading fees that it rallies? Super new to this but thought it was a good time to get into the market.
- AnonymousLv 72 months ago
Unless you are shorting, you are not going to lose more than your principal. The trading fees defeat the point of buying such a small amount. Even a high load mutual fund isn't this inefficient in terms of fees.
- 2 months ago
Just trying to learn with small amounts before I try anything crazy. Figured now is a good time to get my feet wet. A lot of reading day and night, choosing, and figuring out what is what. I have put in 1k total so far and am up 50% so I'm alright I just got an email on risk about that kind of stock and I didn't really understand it. Thank you everyone! I marked all answers as helpful.
- ScottLv 72 months ago
You can't lose more than your initial investment.
- curtisports2Lv 72 months ago
You can't lose more than what you put into it. The only way you can lose more is when you buy on margin.
- How do you think about the answers? You can sign in to vote the answer.
- Anonymous2 months ago
$50? Wow, you might be able to retire early.
- EvaLv 72 months ago
You can't lose more than you put in. The only way that happens is if you buy on margin or are doing puts/calls. Perhaps you should study how the stock market works before you invest any more, since you didn't know this basic fact.
- A HunchLv 72 months ago
Just "betting" your $50 plus trading costs, if any.
But you are pretty much giving your money away if you don't understand what you are doing at all.