really what laws? I had no issues opening an account with a LOT less then that, I think initially I put a grand in
read my later post, please.
bad advice, the key thing in investing is to start investing, so he buys a few small shares of stocks now, buys more when he can later, that seems like a decent way to start trading as well as it hurts a lot less to lose smaller amounts of money,
Good points (from all), but a few hundred bucks is just nor nearly enough to start buying regular shares or options. If you have to start this way, do it in a high risk mutual fund. I started off with $1500 in 1991 in a Franklin Templeton fund, and that, combined with a strict savings and investing mentality proved very well for me over the years. I've already admitted that I do very little of my own trading to keep me from going broke. I let a BoA broker do it, when I do it. With the market in the shape it's in now, I have most everything in annuities. Zero risk, and a minimum 6% return, but it takes a lot to get started.
I started out trading in $400-$500 blocks and made some good profits on it.
Was that $400-500 total assets, or blocks? I'm curious as to when you started, and what kind of profits you made on that small amount. My $1500 that I started with did very well, but it got in near the bottom of the dot com bubble. Still, with a 21% return, it didn't morph into $10K (or even $5k) in a few years. It did well enough to screw up my income taxes, though.