I Want To Buy Stocks Online.?
Wednesday, July 1st, 2009 at
5:22 pm
I want to buy stocks online. I don’t have a whole lot of money to invest. Maybe a thousand or two. I don’t want to pay commission since I’ll not be using a broker. What is a legit but cheap company to do this through online?
I remember my professor in college saying something about a “leak” (?)… Getting in by buying only one share, then adding to it & avoiding commission. What is that?
Tagged with: Amp • Buy Stocks • Money To Invest • Online • Online Stocks • Stocks • Stocks Online • Want • Whole Lot
Filed under: How To
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Some basic discount brokerage firms:
E-trade securities
Scottrade
TD-ameritrade
I have accounts in all three. I guess E-trade is best, scottrade is close second.
All have flat commissions in the $8 to $15 range. If you buy a lot of shares (5000+), then the commissions go up. Note: a $10 commission represents a 0.5% cut of a $2000 trade. So buy for the long run.
Also, since you are (apparently) young, maybe you want to start an IRA. That way, when you trade the capital gains are tax deferred, plus you have will a disincentive to withdraw your money.
No idea of what your professor talking about.
Why not to pay commision? trade through Etrade or others its very cheap there, and think of how to make money instead of how to save commision
you are better off buying mutual fund with the Little money you accumulate each month,you don’t pay Communion and you diversify into many stocks.try Fidelity Investment 1-800-544-6666
or call Charles Schwab these are old reliable names,
Your professor was talking about a DRIP. This article explains them:http://www.fool.com/DRIPPort/WhatAreDRIP…
Brokers aren’t evil and DRIPs don’t cover that many investment options.
Scottrade opens accounts for $500 and there are no maintainance fees. You can place market or limit orders for $7. If you don’t know what I just said, you are NOT ready to invest in the market. You need to do some studying.
The market is particularly wild now and it’s really no place for folks without some fundamental knowledge. Educate yourself. Do an online portfolio just online–no buying–and watch what happens. http://finance.yahoo.com/
Select My Portfolios.