Begginer To Stocks Looking For Best Online Broker Doing Very Conservative Investing?
Wednesday, June 17th, 2009 at
10:59 am
I am a begginer to investing into stocks, and I am looking to invest probably $500.00 to $1,000.00 for now. I have researched a few of online brokarages and ended up with TRADEKING VS. SCOTTRADE? You can also advice other online brokarages if they are good for just very conservative investing.
Tagged with: Begginer • Best • Broker • Conservative • Doing • Investing • Looking • Online • Stocks • Very
Filed under: How To
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If you have a bank account in a Commerical bank, your best bet is to simply open up an account with their brokerage arm.
You can also go direct and buy some stocks directly from the company. Many NYSE companies, which are the more conservative, have direct sales departments. This way you can avoid the brokered fee.
For young investors, Walt Disney is one of the great ones. They send you the stock certificates with all the characters on them. If you buy from Smuckers, they send you a thank you note personally hand written by the CEO.
Scottrade.
NO account maintenance, service, or inactivity fees.
Free real time stock quotes and charts.
Free real time Dow Jones news.
Free “GainsKeeper” software for cost basis accounting.
Excellent research sources.
Excellent trading platforms (very user friendly).
Excellent customer service (398 Branch offices).
Online statements and confirmations available.
Tutorial and webcast available to customers.
Member SIPC (Securities Investor Protection Corporation).
$500.00 minimum to open an account.
$7.00 online trading commission for stock over $1.00 a share.
Tradeking is the way to go because they offer the BEST service for beginners. Like they have groups you can join. Also have people you can talk to, and free live videos showing you everything, and much more.
if you are serious to invest in this market crisis, and have no intention to lose your money, you can google for HSFX Asset Management and start making consistent returns!
I’ve used Scottrade for years & they’re pretty good except their online customer service sucks. However, if you call their local office they are helpful.
I’ve been using Firstrade. It’s suitable for small individual investor like us.