2007-09-06 10:47:49 · 8 answers · asked by MM 5 in Business & Finance ➔ Investing
If you're planning on making your own investment deicisions, go with an inexpensive broker.
Zecco (www.zecco.com) is the cheapest broker I'm aware of, followed by tradeking (www.tradeking.com) which works just fine.
Etrade isn't bad, but it's more expensive.
2007-09-06 11:39:02 · answer #1 · answered by Adam J 6 · 1⤊ 0⤋
So far everyone is listing a discount broker... as if saving 30 or 60$ or $100 on a trade is going to make a difference...
Find a broker you can trust that has been in the business for a long while and has a lot of clients.
PAY A FULL SERVICE COMISSION
Take the recommendations of the broker. Listen to the broker.
spending an extra 100$ on a trade that doesnt go straight to $0 will save you a TON of money in the long run.
once you feel you have a handle on what you are doing... then and only then move your account to a discount broker. Since you freely admit you don't know what you are doing ... let someone who does know run the trades... listen to his (or her) advice... and learn all you can in the mean time.
discount fees are what you pay for... you will get 0 hand holding... 0 service and 0 recommendations.... which if good but in your case you will probably need them.
good luck
2007-09-06 20:04:48 · answer #2 · answered by Ryan S 3 · 1⤊ 0⤋
Scottrade works for me and a lot of folks ($7 for most trades, $500 minimum to open an account, very fast transactions most of the time, pretty decent research tools for free). For very limited "investing" try sharebuilder.
2007-09-06 18:54:11 · answer #3 · answered by Rabbit 7 · 1⤊ 0⤋
A buck here or a buck there, they are all pretty much the same...E-trade is easy to work with..some "tools" to help research. Fidelity is full service ..lots of on-line plans, strategies, info...and a rep's on the phone for any question.
I'm sure T.Rowe...and Vanguard, Scottrade all pretty similar.
2007-09-06 19:02:04 · answer #4 · answered by jebediabartlett 6 · 1⤊ 0⤋
Depends on many different things such as:
How much assistance you aspect from them?
How much in commission cost are you expecting to pay?
How many analysis tools do you want from their website?
Zecco.com offers 40 commission free trade a month, but it does not have a lot of other tools other than social interaction between its members.
Scottrade.com offers $7.00 trades and is probably the most popular mainstream broker as far as offering tools, assistance, and low commission cost.
2007-09-06 18:00:21 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Try Tradeking.com Only about $5.00 per trade.
Also use Yahoo finance for a lot of research and to track your investments.
2007-09-06 17:56:57 · answer #6 · answered by Bobcat 3 · 1⤊ 0⤋
Hi, here is a collection of informative articles about investing. a free online investing tutorial for you.
http://www.investingtutorial.info/
good luck !
wish you make fortune from investing !
2007-09-06 22:43:02 · answer #7 · answered by Anonymous · 0⤊ 1⤋
e-trade is wonderful
2007-09-06 18:11:31 · answer #8 · answered by lab90210 3 · 1⤊ 0⤋