Tilted Forum Project Discussion Community - View Single Post

rubicon · 09-10-2004, 10:57 PM

I've used Scottrade for my IRA - no transaction fees. Most other brokers charge you to buy/sell securities in an IRA - unless you're with Fidelity and it's a Fidelity product. However, even they are offering "no fee" trades for many other funds.

If you're starting out with investing and don't have much money, there's no sense playing the stock trading gamble. OK, you invest $500 and sell for $550. It may be a decent percentage gain but you didn't turn $500 into $5000. Start with mutual funds or check out Sharebuilder or BuyAndHold and get some of the Index stocks like Spiders, Diamonds, etc.

09-10-2004, 10:57 PM	#8 (permalink)
rubicon Stop. Think. Question. Location: Redondo Beach, CA	I've used Scottrade for my IRA - no transaction fees. Most other brokers charge you to buy/sell securities in an IRA - unless you're with Fidelity and it's a Fidelity product. However, even they are offering "no fee" trades for many other funds. If you're starting out with investing and don't have much money, there's no sense playing the stock trading gamble. OK, you invest $500 and sell for $550. It may be a decent percentage gain but you didn't turn $500 into $5000. Start with mutual funds or check out Sharebuilder or BuyAndHold and get some of the Index stocks like Spiders, Diamonds, etc. __________________ How you do anything is how you do everything.