One hundred dollars may not seem like a whole lot of money in this day and time but you would be surprised to see what you can buy one hundred dollars. You could take 10 to 11 trips to the movies. You could fill your car up with gas 1.5 to 2 times. You could pay a cell phone bill or a cable bill for a month. You could get a pair of shoes. Another use for $100 would be to invest it. Let’s take a look at the values that you can get in the market right now for $100.
Buy 10 Stocks For Under $100
You can stop in the discount aisle and buy one share of the country’s biggest bank, Bank of America (BAC) for $7.25. You can buy one share of the largest office supply store, Staples (SPLS) for $13.10. That dividend stock comes with a 3.2% yield.
You can buy technology on the cheap by getting one share of Cisco (CSCO) for $15.92. You get a 1.7% yield which isn’t bad for a technology company. For a speculative play, you can add a share of Yahoo (YHOO). At $12.86 per share and with a $16 billion dollar market cap this company is a prime takeover target.
You can pick up a media company for $10.04 by buying Gannet Company (GCI). The stock has a nice 3.4% yield. You can also pick up a share of USG (USG) at $8.34 while hoping for a housing rebound. Both of these companies are a small part of the portfolio of Warren Buffett. Berkshire owns a combined $160 million in these two names.
Throw in a share of the biggest industrial producer General Electric (GE). For just $15.68 for a share, General Electric is giving you a nice 4% yield. Add an undervalued oil company, Harvest Natural Resources (HNR), that is a favorite of value investor Mohnish Pabrai for $9.50.
The Wendy’s Company (WEN) is a nice bet on a turnaround play now that the company has shed itself of Arby’s. You can own this hamburger stock for $4.97. Jamba Juice (JMBA) is one of those penny stocks without the bankruptcy risk. The company has $21 million in cash and no debt. You only have to pay $1.88 for a share.
The total spent is $99.54 for all 10 stocks. That leaves 46 cents left over to do whatever you like with!