Investing Online

[Zach]

I've just created an account with ShareBuilder, in the hopes to making zillions with investing. Thing is, I'm a poor student, and currently have only roughly $150 to start my adventure with. Just wondering if anyone has had any success with this kind of thing, and if it's even possible to get started with such a small amount.

Also, I'm interested in penny stocks, just for some playing around with..Some information on these would be excellent, as well as recommended places (websites) for getting started. I don't believe ShareBuilder has anything to do with this.

Thanks!

[RT Wolf]

What's your long-term financial plan?

How much information about the stock market do you have? IE, how many books have you read?

If you want the rush of gambling, go with penny stocks. If you want to make some actual money, I can tell you that it won't be fast.

If you actually want to build wealth: for 150, you can get started on a DRIP (Dividend Reinvestment Plan), or buy into an index fund, if you put yourself on a payment plan (like $50 a month sorta deal).

Fool.com: Drip Portfolio

Index Funds | Index Mutual Funds | Investing in Index Funds

Investopedia is also a good site, as is the above (the Motley Fool).

If you are totally new to investing, I can certainly recommend some books to read (you should be able to get them from your library). Stock market investing can be a very profitable investment, in the long term. Few people get rich overnight and STAY rich, but many people have become rich in the long-term by being patient and careful.