Friday, January 14, 2011

Do not be scared of the stock market - Personal Finance

Recently I opened up an account with http://www.scottrade.com/ .

I had won $800 in my fantasy football league and did not want to just waste the money on myself. Rather I thought AHEAD!

Scottrade is great because you only need to deposit $500 to begin trading. They also offer advice and a "how to" section.  I did that and invested in some microcap stocks I had been researching.

I am currently up 25% in less then 2 weeks.

Yes it is a risk, however it is a good way to get your feet wet. The biggest point is to use $500 that you can lose. Learn with it, that knowledge will be worth way more then $500 in the long run!!

Good Luck !

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