What amount should you set aside for your first investment?

Discussion in 'Stock Market Education' started by thestoryteller1, Jul 19, 2014.

  1. thestoryteller1

    thestoryteller1 Member

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    Hi, I am financial newbie as well. I am currently trying to save some funds for investing, although I don't have a lot. I have seen the value in doing it though, so I am determined to start. While I am saving some money to be able to invest, I am educating myself on the different types of investment. What would be a good amount of money to start investing with, according to you?
     
  2. Colebra

    Colebra Well-Known Member

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    I'm certainly not the most qualified person to take this question.
    I'm also trying to learn. Not so much make a profit at this point...

    So here's what I think you should do:

    Don't invest money you need... Just do it the right away.
    There's a guy in here who has a great quote about investing dollars, income dollars, and how you should keep them separate. I just butchered it, but you understand right?

    Here's what I'm about to do:

    I'm about to throw 50$ into E-Toro. E-Toro is investing for dummies. I'll just learn something, no harm can come from that...
    I'm also about to start playing with some simulators. You should look into that.

    Don't worry. People who actually know what the hell they're talking about are coming to take your question :p
     
  3. troutski

    troutski Guest

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    I'd say it all depends upon what stock or commodity or whatever you're looking to invest in. If it's got a low price per share (or whatever), then you could feasibly invest as little as $100 or so. I invest small amounts of money on a regular basis, but some people prefer to invest larger amounts. It boils down to personal preference and what you think works for you.
     
  4. Yudison MB

    Yudison MB Member

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    you can do Gold Trading with 12600 usd deposit you can get montly profit arount 5 %, how to trade will exploai later
     
  5. Yudison MB

    Yudison MB Member

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    how to trade you can can red my tweet acount @yyudison
     
  6. Yudison MB

    Yudison MB Member

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    sorry, I mean you can read from my tweet account, I have been posting how to trade gold
     
  7. moneyman

    moneyman Well-Known Member

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    At the moment I have been setting 150 bucks every month aside of my salary for investing. It isn't a big amount but with my salary it is a lot.
     
  8. hun10sta

    hun10sta Member

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    In my opinion, you should put aside at least 100-150. That's what I do, and it works very well for me. A few of my friends do the same thing, as well. It really just depends on how much money you have to throw around.
     
  9. JR Ewing

    JR Ewing Super Moderator Staff Member

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    If you've got a couple hundred you can put aside, I'd get started - and add to it as much as possible. Using a discount broker to set up a tax-advantaged account while keeping your transactions to a minimum is generally the way to go when funds are limited.
     
  10. dianethare

    dianethare Senior Investor

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    That's what am thinking, set aside a $100...test the waters...if you earn interest/ROI...you can reinvest back and see how it goes, am thinking of doing the same come 2015...Godwilling :). All the best :)
     

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