online brokers
 

I plan on spending about 100 or 200 on xm stock but not sure which is better. I plan on keeping it for awhile and not purchase anything else. So from your experiences what is the best online broker?? i have check several of them out but i wasnt able to find the fine print just their deal atm.

I have used Sharebuilder for about two years now and I love it.

scottrade

But the thing is, to get in and out of your xm position, you have to pay 14 dollars. And let's say that you invest the full $200. That would mean commission alone would cost 7% of your initial investment, so you would have to have at least a 7% return on your 200$ just to break even.

Just something you should consider before starting investing. It's not easy money, but best of luck.

I've used Scottrade for a few years and would recommend it. I agree with soma about the commission. You might want to wait until you can put in more for your intial investment.

thats the thing, I would be lucky to be able to put 200 into it. I only have some money that I can put into it cause of our tax return.

That is the information that i was looking for tho, thanks. anyone have info about any of the other online sites?