Quote:
Originally posted by Daval
Personally I use TD Waterhouse. I pay $29 CDN per trade. There are cheaper places to trade, and their are more expensive as well. These are all referred to as 'Discount Brokerages' and in my opinion are a good place to start if you are playing for peanuts and just starting out.
A broker I believe will charge you about 5x what an online discount brokerage will per trade. But, you are getting personalized service and may get some advice (but not tips!).
There are pro's and con's to both.
|
Yeah, that's about right. I think you can probably beat $29 CDN = approx $20 US. A good choice, though.
Most decent brokers won't bother with you if you don't have 20 grand or so. And, if they will, you'll be paying a shitload to me to make a couple extra bucks here or there. It's a mystery to me why folks in Wallyworld think we brokers know all this info about what's going up or down. If I knew what was gonna make 100% guaranteed by tomorrow each and every day, you'd be damn sure I'd be trading instead of talking on the phone.
As to tips, it really depends how much you're worth. I can't pass inside info, but I do sometimes hear news before it hits the presses and I can and will pass that on to my biggest clients. That's strictly legal.
Bob