I would like to invest about $800. I would like to put it in one company, and leave it there. Not trade every day.
What's the least exspensive out of the major ones, But also there minimum isnt higher than $800
2007-09-25 15:39:42 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
Okay, how about out of these, scottstrade, etrade, fidelity, ameritrade, sharebuilder
2007-09-25 15:50:33 · update #1
I'm sorry guys. I don't want your opinion on investing in general. i just want an answer to my question :)
2007-09-25 16:07:35 · update #2
Scottrade has the cheapest trading fees and lowest fees in general. There's a site with no fees, Zecco, but I haven't used them.
2007-09-25 17:14:59 · answer #1 · answered by Yardbird 5 · 1⤊ 0⤋
Be careful with some of the ones listed from previous users. I would recommend someone like Janus or Fidelity. YOu might run into an issue with the $800 (versus a larger amount as a minimum) but there will likely be a trade-off one way or another. I would consider saving until you have enough for a minimum at one of these places which shouldn't take you long. You could also consider investing in a mutual fund (especially through a retirement fund like a ROTH IRA which has huge tax advantages) where you are usually given a break on commissions for such trades; and you'll also possibly have an option of lower minimums if you agree to send in monthly payments instead (like $100/month for 12 months instead of $1000 upfront). Contact me with any questions
2007-09-25 22:51:38 · answer #2 · answered by CSUflyer 3 · 0⤊ 1⤋
The least expensive brokers are for the experienced investor. As a newbie you should;
Read every thing you can on investing.
Create an "asset allocation" that works for you.
Dollar cost average into a low cost, diversified Mutual Fund.
Why: Because investing in "one company" is highly risky. Not a good idea, for anyone.
2007-09-25 22:59:55 · answer #3 · answered by Common Sense 7 · 0⤊ 0⤋
Do Scottrade
2007-09-25 23:47:16 · answer #4 · answered by Karla P 2 · 2⤊ 0⤋
hi maybe wana check this out www.wdf-usa.com
have a nice day!!
2007-09-25 22:43:06 · answer #5 · answered by mastermind 1 · 0⤊ 1⤋
Zecco is FREE!
2007-09-26 17:14:39 · answer #6 · answered by Anonymous · 0⤊ 1⤋
!offer.com
2007-09-25 22:47:12 · answer #7 · answered by just me 5 · 0⤊ 0⤋