spesmilitis
Master Don Juan
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I'm looking at scottstrade, seems the cheapest. Anything else?
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Whats the best online stock purchase website?
- Thread starter spesmilitis
- Start date
TheMoonMonst3r
Don Juan
Stocks are too risky. Look into Vanguard...low expense-ratio mutual funds.
Zaraza
Senior Don Juan
Hey there Spes,
I too recently started looking around on how to invest. I want to start with a little money and just test the market. I am 20 years old and have time to recover.
the on that has caught my eye is.
www.sharebuilder.com
I too recently started looking around on how to invest. I want to start with a little money and just test the market. I am 20 years old and have time to recover.
the on that has caught my eye is.
www.sharebuilder.com
Zaraza said:
Sharebuilder is good in that you don't need have to have an account minimum and they don't charge fees if you don't have a minimum. They're good if your justwanting to invest a fixed amount on a periodic basis, and they only charge $4 for that. But if you want to do more active trading they charge $9.95 so it's not that cheap.
which broker is best I guess depends on what you want to do. I don't think it's a good time to invest in stocks. You won't be making money anytime soon.
I think they work the same way as buying stocks so which ever's best for stocks should be best for ETFs as well. We just need some people to list the fees and their experience with online brokers.speakeasy said:
That reminds me, Sharebuilder doesn't broker for very many mutual funds if any but their select few. Also they charge 4.95 to instantly transfer money out of your personal bank account to buy a real-time trade, so it's $9.95+$4.95=$14.95 for a trade, not $4. You can transfer money free into or out of your account but it takes till the next day.
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LOL @ this dipsh#t.TheMoonMonst3r said:
He did not ask for your expert stock advice, he asked about brokers. I am a professional trader (futures), but I do use scottrade for long term investments. You can purchase mutual funds there if you want (like vanguard).
Oh, and listen, risk is all relative. Mutual funds suitability is relative to each person. If you enjoy underperforming the indexes year after year, choose mutual funds, LOL.