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Buying Stocks

Discussion in 'Stocks & Investments' started by krap22, Feb 11, 2014.

  1. Feb 11, 2014 at 8:17 AM
    #1
    krap22

    krap22 [OP] Well-Known Member

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    What company (etrade, etc.) do you use for doing your stock trades? and why?
     
  2. Feb 11, 2014 at 8:20 AM
    #2
    Mr Salty

    Mr Salty "Give up the good to go for the great"

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  3. Oct 7, 2015 at 8:22 PM
    #3
    big_jarv

    big_jarv Well-Known Member

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    Don't know if you still are interested in this but I use scottrade.
    Works well
    Relatively low commissions.
     
  4. Oct 7, 2015 at 8:39 PM
    #4
    mountainwolfpup

    mountainwolfpup Ford Guy (Formerly known as a Toyota Guy)

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    Depends what you are looking for. To buy funds and stocks I usually use Ameritrade. Low cost trades. But I also use Janus for their managed funds. Also, I use Charles Schwab.
    Nomatter who you use I reccomend fundd, especially market tracked funds. Fidelity has some with the lowest fees aeound. Get one that tracks the S&P500. Buying individual stocks is risky. You won't have enough capital to be properly diversified.
     
    NM Lance likes this.
  5. Feb 25, 2016 at 12:09 PM
    #5
    ErocksTaco

    ErocksTaco Well-Known Member

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    I just started using the Robinhood app on my phone. Free stock trading
     
  6. Feb 19, 2017 at 9:36 AM
    #6
    BadBrains

    BadBrains Spreading the Aloha

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    Wow, popular forum, years between replies lol.

    I use eTrade, why? Cheap trades, as long as you're not buying a couple shares at a time of cheap stock. Full features unlike any other services that are cheaper. Research and analyst tabs, income estimator tab (shows incoming dividends for the year), portfolio analyzer tool (shows foreign and domestic, and market type in a pie chart).

    Haven't tried anyone else, happy with them. My Dad switched to them when they came out, after using Charles Schwab for years. When he passed away I was in charge of his trust and eTrade's customer service was good to work with during the disbursement between my siblings.
     
  7. Feb 19, 2017 at 9:57 AM
    #7
    NM Lance

    NM Lance Well-Known Member

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    Stocks are a little difficult and are inherently more risky than mutual funds, unless you know exactly what you are investing in, and are very familiar with the company's vision. You may consider a mutual fund instead if you are new to this.

    I prefer mutual funds to stocks because they have fund managers to do all the research on the company stocks contained within the fund (this is their full time job). There is really a lot to this... If you are interested in a mutual fund, try to avoid load funds which entail fees for fund manager services among other things... Depending on your level of comfort with all this, you may consider (not joking) "Investing for Dummies" or another book on the basics.

    Day trading, in my opinion is just a gamble.
     
  8. Feb 19, 2017 at 10:07 AM
    #8
    NM Lance

    NM Lance Well-Known Member

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    I know it! It is a dry subject, but I wish I had looked into all this about 30 years ago. I didn't know any better though.
     
  9. Feb 19, 2017 at 10:11 AM
    #9
    magog45

    magog45 Well-Known Member

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    I only invest in real gold and silver, doesn't really matter who you deal with for that.
     
  10. Mar 23, 2017 at 9:38 PM
    #10
    Dmo39

    Dmo39 Member

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    Fidelity has 4.95 trades.
     
  11. Mar 23, 2017 at 10:23 PM
    #11
    BadBrains

    BadBrains Spreading the Aloha

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    eTrade lowered their commission to 6.95 per trade.
     
  12. Mar 25, 2017 at 9:49 PM
    #12
    JeffreyB

    JeffreyB Well-Known Member

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    Ameritrade also just lowered theirs to $6 I believe. Didn't pay much attention to the email since I don't actively trade much.
     
  13. Mar 26, 2017 at 11:15 AM
    #13
    ABNFDC

    ABNFDC Well-Known Member

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    Once Fidelity dropped to 4.95, several others lowered their prices as well. Competition can be good for the customer.

    If I'm buying individual stocks, which I don't do often, I'll buy through Fidelity since I already have a taxable account there.

    Now what Fidelity really needs to do is lower their transaction fees on transaction fee mutual funds. For example, if I wanted to buy PIMIX at Fidelity it will cost $49.95. For anyone with less than $1Mil at Vanguard it is $20-$35 to buy PIMIX.
     
  14. Mar 26, 2017 at 11:17 AM
    #14
    SixthSnail

    SixthSnail I have no idea what I'm doing

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    I use a combo. Fidelity for some, Robinhood to mess around with since it's free. I do my own research so the investor advisory stuff on sites never is a factor for me.
     
  15. Mar 26, 2017 at 11:35 AM
    #15
    ABNFDC

    ABNFDC Well-Known Member

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    Yeah, there is too much out there for free to be paying an advisor.

    Want barney style and simple combined with some great discussion: https://www.bogleheads.org/wiki/Getting_started https://www.bogleheads.org/

    Want a little bit more broad: http://www.morningstar.com/start-investing.html

    Commentary and discussion on MFs: http://www.mutualfundobserver.com/

    Get rich or poor quick: https://seekingalpha.com/

    etc etc etc etc
     
  16. Mar 26, 2017 at 11:41 AM
    #16
    SixthSnail

    SixthSnail I have no idea what I'm doing

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    The thing about paying for any of those services that people don't understand, is you have to have a large enough portfolio where you anticipate making the 200 bucks a year you spend on them back and then some. It's not for casual investors. If your portfolio with a 5% return (Average) will only kick you back 300 bucks in a year, not worth paying for those in my opinion. If you are big enough to where 200 is chump change compared to your return, then why not.
     
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