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Online trading companies - Scottrade, E*Trade etc.
7/11/2011 5:08:40 PM
I'm not a whale and don't have a ton of money but I have some money that I put into an Oppenheimer Funds account about five years ago. It lost a good amount of value and has recouped some, but still hasn't gotten back to the amount I originally invested.
I'm looking to take that money and try and make some buy with stocks. If I leave it in there, it doesn't do anything but waste away. If the stock I purchase goes tits up, then I'm basically in the same boat I'm in now, except I have a chance of making a little extra cash if I invest it wisely.
I'm going to use one of the online trading companies. Which one would be good for a small time investor, that isn't going to be trading a lot. Any that don't have a minimum purchase, any "hidden" fees that will pop up when I buy or sell, inactivity fees?
Any I should be on the look out for?
Any help would be great! Thanks
I'm looking to take that money and try and make some buy with stocks. If I leave it in there, it doesn't do anything but waste away. If the stock I purchase goes tits up, then I'm basically in the same boat I'm in now, except I have a chance of making a little extra cash if I invest it wisely.
I'm going to use one of the online trading companies. Which one would be good for a small time investor, that isn't going to be trading a lot. Any that don't have a minimum purchase, any "hidden" fees that will pop up when I buy or sell, inactivity fees?
Any I should be on the look out for?
Any help would be great! Thanks
7/11/2011 5:25:24 PM
I like Scottrade. Good software, $7 trades and responsive office people.
Three free trades for you and me if I refer you so IM me if you decide to go with them.
Three free trades for you and me if I refer you so IM me if you decide to go with them.
7/11/2011 5:44:22 PM
I use fidelity........no maintenance fees etc.....
They charge $7.95 per trade.
They charge $7.95 per trade.
7/11/2011 6:35:48 PM
I use scottrade also.
7/11/2011 10:57:32 PM
I used fidelity also (7.95). trade fee's is all I ever pay and they have a decent amount of offices.
They also have a handful of mutual funds that you can trade on without any trading fee, I believe, but I would just stick with stocks.
They also have a handful of mutual funds that you can trade on without any trading fee, I believe, but I would just stick with stocks.
7/11/2011 11:13:12 PM
I have a TD Ameritrade account. I haven't used it for a while, but I think they have 9.99 trades. They have good research tools and a pretty simple platform.
7/12/2011 9:47:06 AM
Thanks guys!
Looks like we are all tied up at 2-2
Do either have sign up fees, or minimum dollar amount?
Looks like we are all tied up at 2-2
Do either have sign up fees, or minimum dollar amount?
7/12/2011 9:51:18 AM
If you aren't going to be trading a lot, but you're going to pick individual stocks, I think you might do worse than your Opp. portfolio.
Why not just plug it into an IRA and take the deduction? Or perhaps we're talking >5K or you already max a retirement account, in which case - nevermind. Bet it on red!
Why not just plug it into an IRA and take the deduction? Or perhaps we're talking >5K or you already max a retirement account, in which case - nevermind. Bet it on red!
7/12/2011 1:53:47 PM
Originally Posted By Jlottes1:
I use fidelity........no maintenance fees etc.....
They charge $7.95 per trade.
I use fidelity........no maintenance fees etc.....
They charge $7.95 per trade.
Me too. Never looked at the others, we've been with Fidelity for years and years now.
Never had a problem.
7/14/2011 4:39:33 PM
I'v been papertrading with ThinkorSwim by TD Ameritrade. I like the software and they have a good iPhone app. I think you can choose any rate plan from competitors as well, but I'm not totally sure.
7/15/2011 10:05:28 PM
Originally Posted By Dronac:
I'v been papertrading with ThinkorSwim by TD Ameritrade. I like the software and they have a good iPhone app. I think you can choose any rate plan from competitors as well, but I'm not totally sure.
I'v been papertrading with ThinkorSwim by TD Ameritrade. I like the software and they have a good iPhone app. I think you can choose any rate plan from competitors as well, but I'm not totally sure.
If you are trading options, you can use any fee schedule by any online brokerage you like.
If you are trading stocks, it's $9.95 for up to 5000 shares or $.015/share ($5 min). OTCBB/PINK sheet stocks are $9.99 no matter how many you get.
7/16/2011 7:30:24 AM
I've been looking into online brokers as well. So far I'm liking Fidelity but I not sure if I like the extra fee for non-Fidelty mutual funds.
Waht about E-Trade, are they as good the hype?
Also, how easy is it to access the money that you have with these online brokers? Do they offer savings, checking accounts or debit card with their accounts?
Waht about E-Trade, are they as good the hype?
Also, how easy is it to access the money that you have with these online brokers? Do they offer savings, checking accounts or debit card with their accounts?
7/16/2011 8:52:14 AM
Originally Posted By Yojimbo:
I've been looking into online brokers as well. So far I'm liking Fidelity but I not sure if I like the extra fee for non-Fidelty mutual funds.
Waht about E-Trade, are they as good the hype?
Also, how easy is it to access the money that you have with these online brokers? Do they offer savings, checking accounts or debit card with their accounts?
I've been looking into online brokers as well. So far I'm liking Fidelity but I not sure if I like the extra fee for non-Fidelty mutual funds.
Waht about E-Trade, are they as good the hype?
Also, how easy is it to access the money that you have with these online brokers? Do they offer savings, checking accounts or debit card with their accounts?
I can write checks on my Scottrade account.
They are also moving into other banking services.
