$90 dollars to invest, where to begin?

Here's one sure-fire way to get a secure, greater than inflation return on a $90 investment with no capital gains tax: Buy forever stamps.
(But I also like the bullion idea.)
Books, you can read for free at any public library or big-chain book store.
 
I did not realize this. I am just a glorified spam watcher. Content of posts, judgments of posters and such really has no place here...

I am a trader...that wants to contribute to ET any way that I can.

ES


Quote from bone:

ES, as a Moderator he might see you as an authority figure and take your original advice seriously. Youth can be impressionable. But then again, how can anyone take anything posted on ET seriously?
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Quote from KINGOFSHORTS:

Buy 1 share of IWM. And with the spare change buy 1 contract of the Aug 2011 IWM put, strike price 36. (representing 100 shares of IWM)

That will provide enough insurance for your 1 stock of IWM against any risky movements.

Think of it as buying car insurance on your newly purchased automobile.
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for sure don't buy the insurance. do you want to make KINGOFSHORTS rich?

IWM close 79.28
 
You can't even open a brokerage account with 90. Save up 500 To 2000 dollars and find a good broker. For 90.00 id just save it till you can use it for something.
 
Set up a brokerage account with interactive brokers and convert your US dollars to canadian or australian dollars. While the fed continue to print money, you'll make a great return with no brokerage costs.
 
"While the fed continue to print money, you'll make a great return with no brokerage costs"

That, RB, is incredibly brilliant.
 
Quote from cooolweb:

take $7 out of the $90, buy a domain name like

cooolwebsgayscatemporium.com

Do scat reviews using a blog format, post a lot of comments on different flavors, get people to visit your site,
Do this for a year , build up to 10,000 hits a day , sell your blog for $50k-100k.
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invest in yourself and start a business doing things like mowing people's lawns and trimming their hedges, cleaning their windows, washing their cars.,etc. use some of the $90 to print flyers and then go around the neighborhood putting them on people's doors. hand out "50% off" coupons for new customers. refer to everyone when you speak as "sir" or "m'am"; older folks like that.

these ideas have low startup costs and will teach you about entrepreneurship, risk taking, money management, and intra-personal skills. that's more valuable learning than you'd get from buying a single ETF
 
Quote from konviction:

You can't even open a brokerage account with 90. Save up 500 To 2000 dollars and find a good broker. For 90.00 id just save it till you can use it for something.
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there's no minimum to open a cash account at many brokerages, but he should definitely check if there are any monthly/quarterly fees for falling below some threshold.
 
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