Early along your investment journey, you may bump into the phrase ‘minimums’. In a nutshell, minimums are the minimum price you can pay for certain types of stock.
Some minimums may be $50 for a small technology start-up and others may be closer to $100 for a company like Amazon. Investing doesn’t have to be expensive when you start. But it’s a good idea to keep your eyes open for minimums, just in case the shares you want to buy are triple your intended budget.
Tips and tricks
Look for a broker with no minimums, who can let you buy fractional shares. So if you want to spend $100 on Amazon then you totally can.