Is a $1000 worth investing in the stock market?

Thaer said: "Hi, I really wanna get hands-on experiance in the stock market but many of my older buddies say that $1000 is not worth investing? Is that true? If a $1000 is worth investing how do I start ? I mean right here on the net ! right now! I live in Canada so what's the best Canadian online broker for begginers?? I heard shareholders.com is the best for begginers but I think it' only for Americans. My last question is Is it possible to invest a $1000 in a stock for like a day or two till it goes up like .02% - .06% and then sell it and then the next day re-invest the $1020 - $1060 that I made and so on ? Is this possible or am I completely offbase here? If it's not possble. Why not? What am I missing? Thanks in advance"

Thaer said: "Sorry I meant sharebuilder.com"

Harry said: "[QUOTE=Thaer]Hi, I really wanna get hands-on experiance in the stock market but many of my older buddies say that $1000 is not worth investing? Is that true? If a $1000 is worth investing how do I start ? I mean right here on the net ! right now! I live in Canada so what's the best Canadian online broker for begginers?? I heard shareholders.com is the best for begginers but I think it' only for Americans. My last question is Is it possible to invest a $1000 in a stock for like a day or two till it goes up like .02% - .06% and then sell it and then the next day re-invest the $1020 - $1060 that I made and so on ? Is this possible or am I completely offbase here? If it's not possble. Why not? What am I missing? Thanks in advance[/QUOTE] Never say never. $1000 is kinda low to get quick gains. Because gains have to exceed the trading fees. If you want a mere 100 shares that stock will have to be a bit under $10. IT's hard to peg a quality grower at that price. It can be done but not with good odds, especially in today's eviornment. Also, with $1000 it's impossible to be diversified which IS absoultely important. You can buy into a Mutual Fund which is like joining a diversified pool. I'm not sure how cheap you can get in though. Also find a mutual fund that is handling todays market with some finese. Also you could invest in CD's as you accumulate more money. Keep thinking ahead and keep getting diverse advice to sift through."

BenHouston said: "I'd defintely have to say go with a mutual fund with regular contributions. Read, read and read some more until you have a better understanding of the stock market, I've been in the market for a year and I've barely scartched the surface. Also don't forget about commissions, I am not sure about sharebuilder, but if you open a brokerage account through a Canadian chartered bank the trading fees are about 20$ (or more) per transaction. Around 40$ to buy and sell, so you have to make minimum of 4% on that 1000 to break even."

lb19984 said: "[QUOTE=Thaer]Hi, My last question is Is it possible to invest a $1000 in a stock for like a day or two till it goes up like .02% - .06% and then sell it and then the next day re-invest the $1020 - $1060 that I made and so on ? Is this possible or am I completely offbase here? If it's not possble. Why not? What am I missing? Thanks in advance[/QUOTE] Sorry buddy but... .02% of $1000 = $1002 NOT $1020 id put your money is a T-bill for lets say 90 days meanwhile i would READ ALOT and papper trade once u think your ready to risk your $1000 after reading a whole bunch and papper trading you can go and turn your $1000 into $1002 second choice would be putting your money into a mutual fund while still doing the papper trading and reading thing buy your could loose money in a mutual fund and you cant in a T-bill also id probably get a mutual fund that follows or tracks the S&P 500 thats my 2 cents anyway GOOD LUCK!"

Lagg-Alot said: "Investing any amount of money in the stock market is a good thing. There is thousand of inexpensive (stocks below $5 a share) out there. I use PeterLeeds.com to help me pick stocks. I am not advertising, just stating that is what I use."

bobjitsu said: "[QUOTE=Lagg-Alot]Investing any amount of money in the stock market is a good thing. There is thousand of inexpensive (stocks below $5 a share) out there. I use PeterLeeds.com to help me pick stocks. I am not advertising, just stating that is what I use.[/QUOTE] Stock price isn't an issue. A 10% gain is a 10% gain no matter what the stock cost is."

JAP said: "[QUOTE=Lagg-Alot]Investing any amount of money in the stock market is a good thing. There is thousand of inexpensive (stocks below $5 a share) out there. [/QUOTE] And most are very risky. You can also lose a LOT of money... fast."

BenHouston said: "[QUOTE=Lagg-Alot]Investing any amount of money in the stock market is a good thing. There is thousand of inexpensive (stocks below $5 a share) out there. I use PeterLeeds.com to help me pick stocks. I am not advertising, just stating that is what I use.[/QUOTE] That advice isn't so good. Price shouldn't mean anything, you should invest because the company is worthy of your hard earned dollars not because of the price. Whats the point of having a million shares of something that is worthless? Again, what bob said, a 10% gain is a 10% gain, the intial share price means nothing. Think of it in terms of percent rather than dollars."

Lagg-Alot said: "[QUOTE=BenHouston]That advice isn't so good. Price shouldn't mean anything, you should invest because the company is worthy of your hard earned dollars not because of the price. Whats the point of having a million shares of something that is worthless? Again, what bob said, a 10% gain is a 10% gain, the intial share price means nothing. Think of it in terms of percent rather than dollars.[/QUOTE] OH YEAH! Are you holding better than a 27% gain in just one day? Today in fact. > [URL="http://finance.yahoo.com/q?s=BRSI####"]BRSI[/URL] <"

Lagg-Alot said: "Delete this post"

thezster said: "27% in one day - outstanding. What equity made you a winner - why did you buy it - when did you buy it... etc..... The others are right however - small caps are typically crap - and pure luck plays...... Nothing wrong with getting lucky now and again... But I wouldn't bet the farm on it.."

SporeMonger said: "I'm holding 9.01% in 8 days so far. I imagine I can get 50% gain by rally end. It's not a penny stock... I'm just a lucky value investor."

Lagg-Alot said: "[QUOTE=thezster]27% in one day - outstanding. What equity made you a winner - why did you buy it - when did you buy it... etc..... The others are right however - small caps are typically crap - and pure luck plays...... Nothing wrong with getting lucky now and again... But I wouldn't bet the farm on it..[/QUOTE] Sorry I was trying to delete my post because I was angry at big shot. This is a PeterLeeds.com pick [URL="https://www.etrade.wallst.com/v1/stocks/snapshot/snapshot.asp?YYY220_/UfRI8EalsDAUXwwn7MPZWS+auOOgc4Bxe8NzgriuP+BMm1TBdd9RCHHpBDrqMKTWZHP1uCrDNF/FerGTJAWwy9C0I03BxIHicQRiXVZdjP2n9GGncXxiawDsf4k0ciI4iohGRjUfQc2w3p89Kimgg=="]BRSI[/URL]. Again I am not advertising just telling you what service I use."

thezster said: "[QUOTE=Lagg-Alot]Sorry I was trying to delete my post because I was angry at big shot. This is a PeterLeeds.com pick [URL="http://finance.yahoo.com/q?s=BRSI####"]http://finance.yahoo.com/q?s=BRSI####[/URL]. Again I am not advertising just telling you what service I use.[/QUOTE] Are you saying you bought it simply because it's a PeterLeeds.com pick??? :eek:"

holzie said: "[QUOTE=Lagg-Alot]OH YEAH! Are you holding better than a 27% gain in just one day? Today in fact. > [URL="http://finance.yahoo.com/q?s=BRSI####"]BRSI[/URL] <[/QUOTE] Hey Lagg-Alot, I don't think he meant to "insult" you or discount your opinion. What he is trying to say is that for this particular beginner, shopping for a $5/share company is a financial suicide, especially considering the fact that he has not even the basic idea of the difference of a stock price and a actual price based on P/E. I think that the previous advice was the best for your situation. You have the money but you need time to read up on some knowledge. If you want to start somewhere, find a good mutual fund for the next 6-12 months. Don;t go with the one that has the biggest yearly gains but research the ones that have the best ratings (5 stars) and best performance over an at least 5 year period. Yes, it is not as safe as a T-Bill but at least you will get your feet wet. On top of that, if you want to get into the investor spirit, try to periodically add more money into the fund from your odd jobs money. You will do some basic dollar cost averaging. Stay away from funds with large fron-end or back-end loads. This approach will give you a chance and time to build up your position until your are ready to take on a few good trades yourself. Remember to look at your companies as a business that you would like to be a passive partner in, rather than looking at the stock and the stock chart. One day, you might be one of the sharks and even get LUCKY to get a 27% gain in one day. But if you try to mimick this behavior now, you will endup on the sidelines either very soon or worse much later on when you have some real money in the game. My 2 cents. Just my opinion. Holz."

Lagg-Alot said: "[QUOTE=thezster]Are you saying you bought it simply because it's a PeterLeeds.com pick??? :eek:[/QUOTE] I like the company and I did the research. If you look at the stock you will see that their product is going to be the next best thing to sliced bread. No better because this product will save you life. If you fly in small planes that is :o"

Harry said: "[QUOTE=Lagg-Alot]I like the company and I did the research. If you look at the stock you will see that their product is going to be the next best thing to sliced bread. No better because this product will save you life. If you fly in small planes that is :o[/QUOTE] 27%? I hope you took the profit and ran! That stock is prone to spikes. Hell with the next drop I may by a ton and set a limit sell. ;)"

SporeMonger said: "[QUOTE=SporeMonger]I'm holding 9.01% in 8 days so far. I imagine I can get 50% gain by rally end. It's not a penny stock... I'm just a lucky value investor.[/QUOTE] I can also sleep well at night ;)"

thezster said: "[QUOTE=Harry]27%? I hope you took the profit and ran! That stock is prone to spikes. Hell with the next drop I may by a ton and set a limit sell. ;)[/QUOTE] Now you're talkin like a day trader/speculator in the extreme.... I LIKE IT :D Knew we would get to you one day..."

Lagg-Alot said: "[QUOTE=Harry]27%? I hope you took the profit and ran! That stock is prone to spikes. Hell with the next drop I may by a ton and set a limit sell. ;)[/QUOTE] Thanks Harry. You-Tha-Man! But I think this run is not over yet. 1) Moved factory to Mexico (cheap labor) 2) Added new Marketing Manager 3) Nitch Company with patents 4) I heard about a small plane crash yesterday on the local news. I would not go up in any small plane that did not have this product on board."

BenHouston said: "[QUOTE=Lagg-Alot]OH YEAH! Are you holding better than a 27% gain in just one day? Today in fact. > [URL="http://finance.yahoo.com/q?s=BRSI####"]BRSI[/URL] <[/QUOTE] No I am holding at a 2% gain actually :D Regardless in the long run I think I'll be better off. Congrats on the 27% gain today."

Harry said: "[QUOTE=Lagg-Alot]Thanks Harry. You-Tha-Man! But I think this run is not over yet. [/QUOTE] I'm not sure of a lot but I'd be getting rid of at least 80% of that. You can reinvest with the pullback."