2007-02-23 06:51:42 · 5 answers · asked by karamazov 1 in Business & Finance ➔ Investing
There's several different ways to go about buying stock. You can find an online broker or go through a number of websites. Here are a couple I recommend:
http://www.sharebuilder.com/sharebuilder/default.aspx
This one allows you to build up your shares of stock over time. They only charge $4 for each transaction, but you have to have your order placed by a certain time, then the stock will be bought one day a week (I believe it is every Tuesday morning). This is the one I use.
There is another one I've recently read about. It is: http://www.zecco.com/Default.aspx
I believe it is free to trade on this site, but you probably have to have to allow them to hold a specific amount of money for you to be able to utilize the free service. Hope this helps some. Do your research and you'll probably come up with a ton of different sites. Take care :-)
2007-02-23 07:03:28 · answer #1 · answered by Shelly 2 · 0⤊ 0⤋
There are lots of different on line brokers, Scottrade, Fidelity, Sharebuilder, Ameritrade, to name a few.
Read the agreement. They all have different ways of funding the account and there are different prices for trades.
Read everything carefully so you know what you're getting into. Sharebuilder, for example, has a $4 commission if you use their automatic investing plan, to buy stock. But, you put your order in on Monday for purchase on Tuesday. If you decide on Thursday there is a stock you want, you have to use the real time trading and it's a $15.95 commission. Selling with Sharebuilder is always considered real time so it's always $15.95.
Scottrade is $7.00 to either buy or sell. Others have different fees but you need to read all the costs, commissions, charges, everything, before you decide. There are advantages and disadvantages to all of them. You have to decide which is best for your purposes.
2007-02-23 15:13:50 · answer #2 · answered by Faye H 6 · 0⤊ 0⤋
Check into the E-trade site.... that is their main business!
When you have an account...their site has everything you need to research and trade. It's as simple as sending in a check and recieving an ID and password....bing bang bananas...you got a portfolio! Funds, stocks, ETF's it's up to you...good luck!
2007-02-23 16:06:33 · answer #3 · answered by jebediabartlett 6 · 0⤊ 0⤋
Get an online broker. Check finance.yahoo.com and look at the online brokers they advertise!
2007-02-23 15:03:14 · answer #4 · answered by thefuture0007 2 · 0⤊ 0⤋
Open a brokerage account at Zecco.
2007-02-23 19:50:14 · answer #5 · answered by Anonymous · 0⤊ 3⤋