Lola I want to start investing in stocks but don't know how much money I need to begin. Are there minimum costs? What fees should I expect? Can I invest with just $100, or do I need thousands to get started?
Alisa Lola You can start investing with as little as $1 using fractional shares (offered by brokers like Fidelity or Robinhood). Key costs include: Trading fees: Most major brokers charge $0 for stock trades. Expense ratios: Only apply to ETFs/mutual funds (typically 0.03%–1% annually). Account minimums: Many brokers (e.g., Charles Schwab) require $0 to open an account.