| For many people, $500 can either be small or a big | | | | nitty-gritty details of your investments, you can |
| amount of money depending on their perspective. No | | | | always opt for the discount brokerage houses. You |
| matter the perspective, however, you can make a | | | | will have numerous options in the stocks you can |
| million dollars out of your 500 bucks and get a big | | | | invest in with the added bonus of the stockbroker |
| bang out of it. The trick is in making small | | | | fees not making too much of a dent into your |
| investments at a time from your seed investment | | | | already meager seed capital. When choosing the |
| capital. | | | | discount broker, you have to select based on fees |
| Invest on a Compounding Certificate of Deposits | | | | collected, range of access in terms of communication |
| Banks and credit unions offer certificates of deposit, | | | | and money, and customer service. You want the |
| which are basically savings account with a difference. | | | | best in a discount stockbroker without paying for it |
| Certificates of deposit are on a fixed terms, fixed | | | | with plenty of money. |
| interest basis such that you cannot withdraw it | | | | Go for a Stock Purchase Plan |
| before its maturity date although the interest rates | | | | There are three ways to go about availing of a |
| are higher than most savings accounts. To choose | | | | stock purchase plan (SPP). First, you can ask the |
| from amongst the best CDs that will give you the | | | | company you are working for about an SPP. |
| best bang for your buck, use tools like the annual | | | | Depending on the company, it can take the form of |
| percentage rate and annual percentage yield. It must | | | | compensation when your employer matches your |
| be emphasized, however, that you should also | | | | stock purchase or stocks can be offered at a special |
| consider withdrawal and renewal options, among | | | | discount. Second, you can buy smaller quantities of |
| other things. | | | | stocks for little to no transaction fees provided that |
| Invest in Stocks on Your Own | | | | you purchase on a regular basis. Even blue-chip |
| You need not hire a stockbroker to invest in stocks. | | | | companies can offer this so check with your |
| You can save on the stockbroker's fees, thereby, | | | | stockbroker, if you have one. Third, if you are |
| allowing your $500 to buy one more share. There are | | | | already a stockholder and you wish to grow your |
| approximately 1,400 publicly-traded companies that | | | | investments with the $500, ask the company |
| offer shares directly to investors. The best thing is | | | | management about programs where your dividends |
| that you can choose the terms of investment that | | | | are reinvested in additional shares or where you can |
| suits your needs and seed capital, whether it is terms | | | | buy additional shares through automatic payments |
| of minimum stock purchase, enrollment and inactivity | | | | from your salary. Your $500 can add capital to these |
| fees and other requirements. Examples of these | | | | programs. |
| companies include Coca-Cola (one minimum share, no | | | | Now, assuming that you have an extra $500 every |
| enrollment fees) and Disney (invest for as little as | | | | other month from your savings, you can invest in |
| $100 with a $10 enrollment fee). | | | | these venues and watch your money grow and |
| Invest in Stocks with a Discount Brokerage | | | | grow. After all, $500 can become a million dollars |
| If you still want a stockbroker to deal with the | | | | when you invest and reinvest it. |