When I was in middle school during the late 90s, I was obsessed with learning everything I could about investing and stock trading techniques. I was pumped, ready to make my first real trade on penny stocks and watch my wealth grow out of nothing from dividends and capital gains. Sadly, when I saw the price tag on a single stock trade, my heart sank. I was even more disappointed when I read the minimum initial investment.
Despite the fact that discount brokerage firms were in vogue back then, the stakes were still kind of high. If you were lucky, you could carry out stock transactions at about $10 per trade. Alas, those discount brokerages wanted serious, wrinkled, grown-up investors who could easily pluck down the $3000 minimum initial investment at a moment’s notice. Come on! I was only in middle school! All I really wanted to do was to invest $25 and see what would happen.
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