Aaaarrrrggghhh!... money you can't afford to loose!
If you invest 1000 in one share even with a cheap online broker you will be charged 19.95 com, call it 20.00 for arguments sake that is 2% add 1% stamp and 2% again to sell, you would have to gain over 5% just to avoid a loss, and that doesnt take into account the bid-ask spread which could be another few% on a stock that isnt traded frequently, i learned this the hard way myself buying shares for 1000 and under, even for 300, after a gain of over 11% on the 300 euro shares i would have made a loss if i sold.So now i set myself a euro limit of no less than 2500 for any trade.hope this helpsHi, I know its not a huge amount to invest but its a start. Im looking for advice where i could possibly invest my money in the stock market and possibly double my money by x-mas. Is there any investors out there who can give me advice. Im not interested in savings accounts etc, they are a waste of time i feel. Advice would be very much appreciated.
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