Stocks, and trading online?
Question:
Answer:
Generally, discount brokers such as etrade, ameritrade, scottrade, and even Fidelity have a very small minimum to open an account. You pay for each trade.
You can either trade them daily or hold onto them for years, that is up to you.
I like Ameritrade.
their prices are low. look them up on you pc and see what the minimum is
The 2nd responder gave you an excellent answer. But he did not address whether that was your best option. I believe that it is an excellent option. I buy stocks with no intent of selling them. I use two different on line brokers. Their service is good and also their executions. And their commissions are very reasonable. Depending on the one you choose, you will also have access to research facities that they offer.
I use ShareBuilder because of there low fees and really inexpensive Advantage membership fee of $20. I also only put in $450 a month with Automatic Investments into 5 stocks and 1 EFT that I plan to hold for atleast 5 years. They are very good. I have also used Ameritrade in the past. Ameritrade has some advantages but you need to decide what kind of investing you want to do. Automatic investments threw ShareBuilder is a really great option to look into.
Scottrade is really good, with a $7 flat rate. it execute really fast. let me know if you do decide to open an account and put me down as a referral so we both will get free trade. Ken2681@gmail.com
The best strategy will be spend some time and pick out one or two stock and let it sit there for a long time and let it grow. If you sell any stock within one year which result you in a gain, that will be classify as short-term gain and be tax in your income tax bracket, mostly 25%, but long-term gain (over one year) will only be tax 15% of your gain. If you are not sure what stock to get in to. I will suggest you to look at DNE, this company is really growing~!!
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