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No. of Recommendations: 1
Chris,

If funds are limited --and/or there's a desire to keep exposures limited-- then several paths are possible. One of them is "lower-priced" stocks, which is a very demanding specialization that requires beaucoup market savvy and a lot of money to do responsibly. In short, not a game for newbies.

Another path for those with limited funds is to disregard share price and to buy fractional shares. There are a half dozen brokers who can facilitate this. Look them up, and pay attention to whom they clear through, whether they sell order flow, and what their commission schedule is.

Also, these days, if it's just some investing/trading experience you're looking for, consider the mutual funds offered by Direxion, ProfFunds, and Rydex. Typically, funds minimums are just $100, and there are no short-term holding periods or short-term fees.

Suggestions:

(1) Given that you're in college and should be studying, not investing/trading, set up an IRA so that there will be no need to deal with the IRS until you're age 59 or so.

(2) Include in your studies some courses in statistics and probability, economics, and programming, but skip any business courses taught be anyone who believes in Modern Portfolio Theory.

Arindam
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