Is there a minimum amount for investing with stockbroker?
I have stated interest in investing in some stocks through a stockbroker. Since I am 14, I do not have a lot of money. My father says that stockbrokers will not do business with someone who only wants to invest 100-200$. Does this claim have any truth to it? Will stock brokers do business with me? Thanks.
Public Comments
- Unfortunately you need to be 18 so you will need the help of your dad. You don't want a stockbroker because it will eat up your entire savings with the fees. Sharebuilder is a good cheap broker. You can even get a bonus of $50 I believe for signing up. If you have earned income it's a great time to start a Roth IRA. You can do it for as little as $50 a month a T. Rowe Price.
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