What Can We Do With 20 Bucks?

Starting investing can be very confusing.  But it can be done, with little capital (that is money in your pocket, bank account etc). I am going to teach you with a little old 20 bucks. Each day we will look at new investments and tools. I will introduce you to stock too. Please keep in mind, I am not promising you will make a million dollars or even a dollar. I am not promising you that you won't lose 20 bucks. I am only going to teach you how to do this.

There are multiple brokers (the companies that actually do the transactions) for you to choose from. Most charge a commission on your transactions. With a 20 dollar investment you will quickly have nothing left if you are paying commissions so I am going to first introduce you to Robinhood. It is an app for Iphone or Andriod. It is free and commission free.

Check out Robinhood here. I am getting nothing by you clicking this.

Today I will introduce you to XGTI, this is not an invitation to actually buy this stock, who knows how it is looking today while you are looking at this article, but on publishing DATE (6/23/2016) this stock took a beating. It fell 11.03% to $1.29. Three Days after a 1 for 12 reverse split (not something you need to worry about today, but basically a 1-for-12 R/S means that 12 stock are combined to make one new stock. if each of the original shares were .10 the new share is now worth 1.20). 

I like XGTI for multiple reasons, so in the morning I will be placing an order for 20 dollars worth of stock.  I am placing this order primarily due to it having crashed after the R/S and is now pushing its B Bands lower limit (considered by many to be a buy mark). I also feel that BREXIT, look that up if you don't know what it is will negatively effect the whole stock market. Could be a great time to buy, but a lousy time to own stock. This is just a prediction and will soon be proven in history.

So let's invest 20 bucks tomorrow and see what happens. I will wait to invest until after market opens and has been open for a while, if stock continues to climb after being open for 1 hour, I will buy, but it the stock continues to fall, as I expect I will buy at the EOD (end of day).

Total Account:

20.00 Cash

00.00 Stock