Posted by: Nepali_American September 20, 2011
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That's right Yahoo. There is usually a minimum deposit amount requirement. Scottrade is probably on the cheaper side. TD Ameritrade requires you to deposit at least $2k into their account with which you can later trade.
In regards to your other question, you can buy a single stock or millions of stocks, all is possible if you have enough money in the account.
IMHO, it is best if you have $10K to start with because it will be hard to have a diversified portfolio with anything less than that. Others might disagree.
In regards to your other question, you can buy a single stock or millions of stocks, all is possible if you have enough money in the account.
IMHO, it is best if you have $10K to start with because it will be hard to have a diversified portfolio with anything less than that. Others might disagree.