low level investing

Discussion in 'General Mac Discussion' started by silverback66, Nov 9, 2005.

  1. silverback66 macrumors regular

    Joined:
    Sep 18, 2005
    Location:
    CO
    #1
    I don't know much about investing, but I'd like to buy a few shares of Apple stock (probably about 500.00 worth). I know thats a small amount but I am still working my way through college. Can anyone tell me the best way to go about this? Thanks
     
  2. gwuMACaddict macrumors 68040

    gwuMACaddict

    Joined:
    Apr 21, 2003
    Location:
    washington dc
    #2
    use your parents broker- they'll have a better working relationship and most likely wont charge as much

    you ought to think about a mutual fund instead, most funds only have a $1000 minimum
     
  3. silverback66 thread starter macrumors regular

    Joined:
    Sep 18, 2005
    Location:
    CO
    #3
    A mutual fund would be okay, but I'd like to be in direct control of where my money is going.
     
  4. madmaxmedia macrumors 68030

    Joined:
    Dec 17, 2003
    Location:
    Los Angeles, CA
    #4
    Scottrade, Schwab, etrade, Ameritrade...just check out all the big-name budget brokers. They tend to focus on smaller investors, and you should find one with no more than a $500 minimum to open an account.

    Commissions will not be high, especially if you plan on buying some Apple and just holding it. Maybe $10 or $20. Any full service broker (your parents, uncle, friend, etc...) will likely charge more.
     
  5. silverback66 thread starter macrumors regular

    Joined:
    Sep 18, 2005
    Location:
    CO
    #5
    I can't seem to find anyplace where I can get in for under 1000.00. I was hoping to get some stock before the intel macs come out, but I might have to wait. I also wanted to invest in Pixar before Cars came out. Hmm...any other ideas?
     
  6. madmaxmedia macrumors 68030

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    Dec 17, 2003
    Location:
    Los Angeles, CA
    #6
  7. ftaok macrumors 601

    ftaok

    Joined:
    Jan 23, 2002
    Location:
    East Coast
    #7
    I don't think it'll help you with Apple or Pixar, but many companies offer a DRIP for small investors. DRIP stands for Dividend ReInvestment Plan. Basically, you send them some money and they buy the shares for you. Any dividends the stock pays out gets reinvested in the company. If you want to sell, you must tell them in writing, so you won't be able to day trade.

    Do a google on DRIP to get more details as I've probably misstated some things.

    Also, I do not think that Apple nor Pixar offer DRIPs, but I could be wrong.

    ft
     
  8. silverback66 thread starter macrumors regular

    Joined:
    Sep 18, 2005
    Location:
    CO
    #8
    Alright, I'm up and running! I went with sharebuilder. Seems perfect for me right now. This is exciting. I've never owned any stock before. Now I'm literally personally invested in apple.
     
  9. madmaxmedia macrumors 68030

    Joined:
    Dec 17, 2003
    Location:
    Los Angeles, CA
    #9
    Congrats and have fun! If you are in it for the long haul, just remember to keep a level head thru the highs and lows. I've owned Apple for a little over a year, and it has obviously been great.
     
  10. silverback66 thread starter macrumors regular

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    Sep 18, 2005
    Location:
    CO
  11. runninmac macrumors 65816

    runninmac

    Joined:
    Jan 20, 2005
    Location:
    Rockford MI
    #11
    I use my parents broker... AKA my dad. I put $250 in Apple about 3/4 a year ago and now im up to $720 if I was to sell right now. Pretty good deal if you ask me :D.
     
  12. madmaxmedia macrumors 68030

    Joined:
    Dec 17, 2003
    Location:
    Los Angeles, CA
    #12
    Yes, it has. ;) :)

    I bought at 34, pre-split. So it's gone up almost 4X in a little over a year...
     
  13. zap2 macrumors 604

    zap2

    Joined:
    Mar 8, 2005
    Location:
    Washington D.C
    #13
    this makes me want to get my 400(+internest over 2-3 years) and invest in Apple

    and then when ever Apple does something great(which is daily) i make $$:cool:
     
  14. silverback66 thread starter macrumors regular

    Joined:
    Sep 18, 2005
    Location:
    CO
    #14
    I was thinking about shifting my money around a little bit, but I think I'm just going to throw it all into Apple's corner. I'm eager to see how the intel transition affects stock prices and I'm willing to bet we'll see an itunes movie store (or whatever it may be called) along with a widescreen ipod in time for next Christmas. That ought to be interesting. Wow, I haven't been this excited about something in awhile. This is a nice (and hopefully profitable) little hobby I've found here!
     
  15. WildCowboy Administrator/Editor

    WildCowboy

    Staff Member

    Joined:
    Jan 20, 2005
    #15
    If by "3/4 a year ago" you mean ~9 months, then you're not quite right. You've maybe almost doubled your money...very nice (I have too), but not tripled it.
     

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