Buying Stocks - Tilted Forum Project Discussion Community

mused76 · 10-15-2004, 05:53 PM

Can someone point me in the general direction of stock buying? I hear e-Trade is good but I'm not sure. I always hear they are full of many stipulations when you buy or trade. Help.
Thanks.
me

pcockren · 10-15-2004, 06:57 PM

most online brokerages will have fees apply as to how high your balance must be and what not...most also have minimum opening deposits(for example, Ameritrade is $2000 for brokerage accounts and $1000 for IRA accounts)...others may be different. They all charge you on a per trade basis, but some give you a certain number of trades free per month depending on your account balance. Watch out for companies that let you put in a minimum deposit of say $1000 but charge you $25 per quarter when your balance is not like $5000...this happened to a friend of mine that was on e-trade(it was an ira account). Supposedly Scottrade is a good company to use if you are not looking to get in right away for thousands of dollars...I am a user of Ameritrade for my IRA account and am very happy...hope this helped

soma · 10-16-2004, 11:24 AM

When beginning trading, I would highly recommend commiting at the very least a thousand dollars. Unless you are going to invest <1000 in penny stocks, you'll have difficulty cancelling out commission on your trades. So just hoard your money until you have enough and put it in a brokerage account. Like pcockren, I am a very happy Ameritrade user.

quakegod · 10-23-2004, 04:18 PM

Yeah, brokerage fees are high enough that it doesn't make sense to invest less than a grand. I like my vanguard account for my IRA, and unfortunately can't use any of the smaller brokers because of my work (like e-trade).

nottwood · 10-24-2004, 07:19 PM

I am a penny trader using Scottrade. They do not have any stipulations that are out of the ordinary that I know of.....cheap trades, and reliable is what you want.

10-15-2004, 05:53 PM	#1 (permalink)
mused76 Crazy Location: NE Ohio	Buying Stocks Can someone point me in the general direction of stock buying? I hear e-Trade is good but I'm not sure. I always hear they are full of many stipulations when you buy or trade. Help. Thanks. me

10-15-2004, 06:57 PM	#2 (permalink)
pcockren Tilted	most online brokerages will have fees apply as to how high your balance must be and what not...most also have minimum opening deposits(for example, Ameritrade is $2000 for brokerage accounts and $1000 for IRA accounts)...others may be different. They all charge you on a per trade basis, but some give you a certain number of trades free per month depending on your account balance. Watch out for companies that let you put in a minimum deposit of say $1000 but charge you $25 per quarter when your balance is not like $5000...this happened to a friend of mine that was on e-trade(it was an ira account). Supposedly Scottrade is a good company to use if you are not looking to get in right away for thousands of dollars...I am a user of Ameritrade for my IRA account and am very happy...hope this helped

10-16-2004, 11:24 AM	#3 (permalink)
soma Addict Location: USA	When beginning trading, I would highly recommend commiting at the very least a thousand dollars. Unless you are going to invest <1000 in penny stocks, you'll have difficulty cancelling out commission on your trades. So just hoard your money until you have enough and put it in a brokerage account. Like pcockren, I am a very happy Ameritrade user.

10-23-2004, 04:18 PM	#4 (permalink)
quakegod Upright	Yeah, brokerage fees are high enough that it doesn't make sense to invest less than a grand. I like my vanguard account for my IRA, and unfortunately can't use any of the smaller brokers because of my work (like e-trade).

10-24-2004, 07:19 PM	#5 (permalink)
nottwood Tilted	I am a penny trader using Scottrade. They do not have any stipulations that are out of the ordinary that I know of.....cheap trades, and reliable is what you want.