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AR15.COM
3/9/2009 6:45:09 AM EDT
I was considering investing about $200 in AIG. I could be wrong but at $.35 cents a share I could get about 570 shares, and if it ever went up to $50 again I would make $28,571. Pretty significant amount for someone in their early twenties and with a lot of time to let it get back up to speed.

I don’t see Obama turning his back on it after already investing so much.

How could I best invest just $200 without any major fees? Are there any online brokers that will allow accounts this small?

What is the recommended broker? I was looking at ScottTrade and they mentioned two things.
You only need $500 ($2,000 for a margin account) to open an online trading account.
(Note: Stocks priced under $1 are just $7 plus 0.5% principal.)

So if I had a $500 account do I have to invest all of that, or can I just invest $200 into AIG and the $300 remain balance until I close the account? For 570 shares I would pay $7, but what does .5% principal apply to?

Thanks, help a young struggling self-employed guy out lol
3/9/2009 10:41:46 AM EDT
[#1]
Quoted:
I was considering investing about $200 in AIG. I could be wrong but at $.35 cents a share I could get about 570 shares, and if it ever went up to $50 again I would make $28,571. Pretty significant amount for someone in their early twenties and with a lot of time to let it get back up to speed.

I don’t see Obama turning his back on it after already investing so much.

How could I best invest just $200 without any major fees? Are there any online brokers that will allow accounts this small?

What is the recommended broker? I was looking at ScottTrade and they mentioned two things.
You only need $500 ($2,000 for a margin account) to open an online trading account.
(Note: Stocks priced under $1 are just $7 plus 0.5% principal.)

So if I had a $500 account do I have to invest all of that, or can I just invest $200 into AIG and the $300 remain balance until I close the account? For 570 shares I would pay $7, but what does .5% principal apply to?

Thanks, help a young struggling self-employed guy out lol


It is not that simple.
the value of the existing shares could easily be diluted preventing them from ever achieving their previous high.
3/9/2009 3:35:26 PM EDT
[#2]
Don't invest in AIG. It is heading toward bankruptcy. It will be dislisted soon if their stock price stay below $1. The risk are too great.

Investing is all about risk management. If you're good at it you can make a lot of money if not you will lose your home. Just ask those people that invested in lvlt at around $6.