I can only invest so much at a time, and each of my investments have made profits, but not enough to beat the 15 dollar commission.
Should I just wait until I have a large amount before investing?
2006-11-05 11:13:46 · 7 answers · asked by jonny g 1 in Business & Finance ➔ Investing
Just use one of the online brokers such as E*Trade, Scottrade or ameritrade. Each of their commissions will be lower than $15.
Also, try to buy a few more shares at a time when you buy.
You might ALSO consider LEAPS which are long term options on the stock. They give you leverage while allowing you to participate in the stock. But do your research first.
If you have other questions, please let me know!
2006-11-09 05:25:42 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
First of all, if you are trying to make "quick money," I would not recommend investing in stocks. However, if you are willing to wait, say, 5 years or longer to see a return, then contributing small amounts consistently over time is a good approach - "dollar cost averaging" is the term used for this. There is a section on the sharebuilder website that discusses this; also, I highly recommend you do your research before choosing what to invest in!
2006-11-05 11:23:13 · answer #2 · answered by JBarleycorn 3 · 0⤊ 0⤋
well while it helps to have a large amount (500 or more) you could do a DCA with virtually any stock broker (tradeking and Thinkorswim is $5 per) I used sharebuilder for a while then transferred my stuff over to thinkorswim when i was getting to sell on my etfs that made a nice profit. I like to find good ETF's under $50 (and there are a LOT of good choices) then save up enough to but 10 shares then pull the trigger at the right time. (use limit orders) good luck though.
2006-11-06 11:51:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I dont like sharebuilder or buyandhold.com. I used to members of buy and hold and I did not like the fess they charged if I did not invest. Dollar cost averageing does have benefits. I sold my shares broke even.
There are a few choices for you. Try to save up some then invest when you get a little bit more.
I am now with www.scottrade.com, 7 dollar trades. If you want free trades with scottrade reply to me
2006-11-06 12:00:36 · answer #4 · answered by moondawg1982 2 · 0⤊ 0⤋
No, just go witha normal discount brokerage cause it will cost you more in the longrun. The devil is in the details with those crappy firms.
2006-11-05 14:45:34 · answer #5 · answered by t b 2 · 0⤊ 0⤋
TradeKing is only $4.95
2006-11-05 18:27:17 · answer #6 · answered by Anonymous · 0⤊ 1⤋
who cares.
2006-11-05 11:15:25 · answer #7 · answered by Carpe Diem 1 · 0⤊ 2⤋