Dad just gave me $500 to invest in my first stock trading account.

Nothing unless you're using a fee-free system like Robinhood

Let's say your broker requires $9/trade. You open a trade, you later close it. $18 total. You had invested $482. $18 is 3.73% of $482. That $482 worth of stock needed to rise by 3.73% just for you to *break even*

Since commissions/fees are generally fixed, trading with small amounts of money puts you at a disadvantage right out of the gate

Unless you're planning on daytrading and losing all of your money, that 500 won't make you much

>>1637860

memes

>>1637976
what are your top meme ETF picks?

>>1637860
Go to your library and check out all the books on stock trading, don't buy anything from anyone claiming to be able to teach you to be a pro (e.g. Tim Sykes). But most importantly, and I can't stress this enough, don't listen to a damn thing anyone says on this board.

>>1638020

VOO
JNUG
DUST

SKLN

>>1637868
quit trying to make op and newbies fail with your meme brokerage

>lol its FREE! they only take away and invest what you dont! :)

gee, seems like that could be considered mandatory for use of the trading broker, almost like a COMMISSION/FEE!

>buying individual stocks

>>1637860
RDS.B

>>1638219
I didn't and don't recommend Robinhood, I just used it as an example. If I were OP, I would look at something like Loyal3

>>1637860
Try this thread: >>1635875

Say you're a beginner wanting to learn, and ask someone for their add code. Don't expect to make a lot of money; just try not to lose your $500 being rash. In the grand scheme of things, $500 isn't a lot, so just use it to gradually learn the stock trade.

>>1638199
This guy, except check the dates on the library books. There are a lot of books sitting there that have some good principles but don't relate to today's markets, especially around ease of trade.

File: 1475263824462.jpg (68KB, 600x600px) Image search: [Google]

68KB, 600x600px

>>1637868
>mfw RH is not available in Australia so I'm stuck with $19.95 US per trade

>>1638199
>don't listen to a damn thing anyone says on this board.
They've made me over 2.5k
maybe you should tell him to have good judgement instead

>>1637868
>>1637860
Then Etoro would be good.

>>1637860
VTI

nothing, if you're paying $10 in fees you're already 2% down, wait until you have $1000

>>1638219
last i checked a 0.001 fee is cheaper than $9/trade