This one is one of the most frequently asked questions when it comes to newbies in the investing field.
The answer to this question depends on what you are planning to do and what you want to invest in. If your plan is to start with penny stocks or cheap stocks then you will need not so much as someone who is planning to start with buying shares in companies like Tesla, Amazon or Microsoft.
It also depends on the brokerage account you choose and thats because there are some accounts which have a minimum amount of money you will need to put onto that account to fully complete the verification process of your account. There are also brokerage accounts which have fees for transactions and other actions. But there are also brokerage accounts with no account minimums and zero fees.
You can also find brokerage websites which will allow you to buy fractional shares. Which in non-investing language means that if you have only $100 to invest, you could buy a portion of a stock like Tesla which has for months now traded for more than $500 a share.
If you choose right brokerage accounts you will be able to start investing with as little as $10 or something close to that. But that price depends on what company choose to invest in.
Keep in mind that cheap stocks don’t necessarily make good deals and purchases. So be warned about that.
Before the end comes it is important to mention that the more you invest the higher the potential returns over the long term.