jumping into the stock market!

[wywern209]

How many money you desire to invest in ??

not much, just a 2-4 shares, i am only a college student. but i won't be touching the money i make from this till after college at which point, the economy should be doing a bit better.And, citigroup looks stable because it is one of the biggest banks in the world, it won't disappear that easily.

 

[heehee]

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If you were to buy that little, find a strong small start up company and invest in that instead. Citi group all time high is only $60 back in 2007. Even if it were to go back to the high, you would only double your money. Doubling is good, but i wouldn't bet on citi.

Small companies can go 8-10 times your money, it's easy to go exponentially starting from zero, not so much with a $7 billion bank.

 

[balamw]

not much, just a 2-4 shares

At that level you will end up paying so much in fees that it isn't worth it IMHO. Even with the various "cheap" online trading sites you will pay $7-$10 to buy $120 worth of stock.

See if you can find a company you like that offers direct stock purchasing. e.g http://www.pg.com/en_US/investors/investing_in_pg/sip.shtml Still, for P&G the minimum is $250 with a $2.50 fee so you already start down 1% from stuffing cash under your mattress.

B