stock question?

Question

how much will i be charged when i buy share on ameritrade. i have $500 for shares and how much do i need for the fees.

Answer 1

I am fairly certain that it would be a 1.25 % fee. (That's roughly $50 in all including broker fees) For more information see the link below... Hope this helped! (10 pts?)

Answer 2

Save your money. Ameritrade is $10 to buy and then another $10 to sell. So with a round tripper, you would need to gain at least 4% on your stock choice before even getting any gain based on a $500 investment.

Right now, put your money into www.ufbdirect.com. They have a completely safe savings account that pays 5.12%. Once you save $2,500 and you want to invest, open an account with www.zecco.com. With $2500 in your account you get to trade 10 times per month for free.

You can't beat that plan.

Answer 3

$500 is not that much for investing, it will get eaten up quick in commissions/spreads. I recommend going with TDAmeritrade utilizing only the amount of free trades they offer you (consider the buy and the sell are 2 separate transactions). Then switch to something like TradeKing.com for $4.95 commissions. You shouldn't make any purchases for less than $150, which = 3 for you now. I would consider buying reliable movers, like AAPL, VMW, GOOG only dips and when they the return gets +30% (could take a while) sell and wait for the next dip....

while doing the above, learn about options, and you can virtual trade on optionsxpress.com for free, once you have a track record of positive performance there, switch to options which provide realestate type leverage but in a liquid market

Answer 4

Ameritrade is about $10/trade. That's $10 each way/

Answer 5

They will charge about 8 or 9 $ to buy and then the same when you sell.

Answer 6

Scottrade is 7 dollars flat, no minimum deposit and they have offices all over the US that you can go into if there is a problem.