Is investing in Home Depo a wise choice for a beginner?

Only have $500 to start with!!!Is investing in Home Depo a wise choice for a beginner?
Hi,


Never start with this low an amount. The fees would kill any profit you would make.





My advice is that a person should not invest less than $1000 in a stock.





Just do the math : If you pay $8 per trade. Then you pay $8 to buy and $8 to sell. So you are spending $16 anyway.





Let us say you invest $500 in HomeDepot and it appreciates 10% in 1 year. Then you make $50 - $16 = $34. Which is just 6.8%.





Instead if you invest $1000. Then you make $100 - $16 = $84. Which is 8.4%.





So it is obvious that higher is your investment , lower is your fees. Based on my experience, $1,000 is a decent amount to start with on a stock.





Have fun investing.





Dan.Is investing in Home Depo a wise choice for a beginner?
HD is a great place to start, being part of the Dow Industrials average means the corporation is stable.


But with such a small amount to invest you are trying to gain a lot of value in a little time. Owens Corning is great.


www.pinksheets.com is information about the Over The Counter market, small companies and small prices. Look there and find some companies you know. GOOD LUCK
Check into Darden Restraunts as a whole. (red lobster,olive garden, smokey bones, bahama breeze) Stock has split 3 times in the last 2yrs.