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Do I Need a Lot of Money to Invest Online?

If you're just starting out as a new investor, you might not be rolling in dough. Fair enough. In that case, you'll want to focus on the account option that best serves your needs -- an account that has a minimum of $2,000 or less for initial deposits. Some discount brokers have no account minimums for getting started.

Don't have two grand in spare change hiding between the cushions of your couch? No problem. You can get started investing with as little as the price of one share of stock. One of the best ways to invest small amounts of money cheaply is through Dividend Reinvestment Plans, also known as Drips. They and their cousins, Direct Stock Purchase Plans (DSPs), allow you to bypass brokers (and their commissions) by buying stock directly from the companies or their agents.

We've got more details on Drip accounts in our "What if I can only invest small amounts of money every month?" Q&A.

Read/Post Comments (10) | Recommend This Article (92)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On March 07, 2012, at 4:41 AM, prginww wrote:

    If you are just learning to trade then some brokers let you start out with very small sums of money ~$100 USD.

    Do not be sucked into leverage, you don't need it initially.

    Statistics state that you are very much more likely to fail than make yourself into an overnight millionaire. They also state that you are only going to learn if you are trading real money - combine the two and learn live, but don't be silly.

  • Report this Comment On June 13, 2012, at 5:40 AM, prginww wrote:

    a luz de jesus me inspira em tudo que faço inclusive em meus investimentos como me inspirando em apostar sempre na carteira certa

  • Report this Comment On August 25, 2012, at 2:21 PM, prginww wrote:

    Hello there all

    I am relatively new to the investing world. So I am just getting started. Can anyone advise on a broker that will allow me to invest in commodities, as this is an area that I am definitely interested in, including stocks aswell? Much appreciated.

  • Report this Comment On August 25, 2012, at 2:22 PM, prginww wrote:

    By the way just for the record, I live in the UK. Cheers!

  • Report this Comment On August 25, 2012, at 2:58 PM, prginww wrote:

    As the article says, you don't need to be rolling in the dough to invest. But you better not be rolling in the debt!

    Obvious fact: you will NOT be making more than 15% annual returns when you start out. You will probably lose money until you learn how to invest and then make 6-8% per year until you read lots of books, practice a lot, learn how to trade options, etc. This takes a LONG time. Then you might hit 10-15% reliably. Maybe.

    So, if you have credit cards with 15-20% interest rates, PAY THESE OFF FIRST!!

  • Report this Comment On August 25, 2012, at 2:59 PM, prginww wrote:


    The Fool staff has made some good suggestions on how to invest small amounts. These plans lock you into one particular stock though.

    I have seen advertisements for a brokerage service that has no minimum balance and only charges $4 per transaction. (about 2.5 british pounds)

    Anyway, you should be able to find that broker by googling 'sharebuilder'.

    You should be cognizant that frequent trading, even with that low fee schedule can dramatically erode your profits.

    Best of luck to you.

  • Report this Comment On January 12, 2014, at 2:39 PM, prginww wrote:

    I want to set up a brokerage account. I want to do stock trades and Exchange Traded Funds. When it says 'exchange' or 'foreign exchange' do they mean ETFs or they actually exchange foreign currency.

  • Report this Comment On July 14, 2014, at 9:58 PM, prginww wrote:

    I have been wondering the same thing. Just joined Fool today. Very excited to learn how to invest (and stop spending). Suze Ormon has been going on about etf's but still not clear on them. (Motley Fool: don't laugh at Suze. I can hear you snickering!) I really need someone to hold my hand and am hoping 'Fool' will really guide me until I learn for myself.


  • Report this Comment On November 24, 2014, at 5:08 AM, prginww wrote:

    Hi, I am British and living in France (Tax resident), I am looking at various broker lists on cash accounts only at the moment - I am willing and able to transmit deposit funds in most currencies but at the moment I seem to rest between stools - I am not British resident so UK stockbrokers are a problem - nor in USA so problems there too. French brokers are an option but they want to communicate in their language (fair enough but I am not fluent and would be more comfortable with English - also They do seem to want to charge more for each online transaction!) - anyone got any suggestions?

  • Report this Comment On February 21, 2015, at 8:35 PM, prginww wrote:

    Hi, I am Grandma Jan and did some investing 20 odd years ago. I don't remember much although I got along pretty well with the help of an investment club; Now I have aged (LOL) am living with my sister and don't have much in the way of household expenses. But I only have SS to work with. Am I in over my head here. I would like to have a little money to leave to my kids plus it interests me and I need to use my brain. I am paying off my Credit cards this year so will be better off next year. Any suggestions appreciated.

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