I just received $30.00 and will devote money to that. Excluding fees, just the stock value.|||The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter %26amp; Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody's got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.
That's the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won't lose money. It's just that these stocks are the best. They pay good dividends too.|||I've never known anybody to buy a single share of stock with $30. You'll probably pay $10 just in the commission charge, leaving $20 for the actual transaction.
Further, you'll need a brokerage account and you will not find one available for $30.
It would be wise if you were to regroup and perhaps save your money so that you'll be positioned to make more decisive moves as you learn to manage your finances.
Len|||You should probably save up a little bit more before you start buying stocks. But if you want to buy stocks here is a website that i started with you don't have to buy a full share like most brokerages and the commission fees aren't that much. www.sharebuilder.com
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