i'm looking for a website that to invest some stocks, and i think scottrade is a good choice, i dont know if i can trust some of the other smaller, cheaper website like zecco... so yea, do i get to use the $500 later on, or does it stay in there forever
2007-12-20 15:07:55 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
when i was 19 i started investing with not much knowledge. Im 21 now.
Scottrade is perfect to start, however i use TDameritrade. The only real difference is scottrade is 7.99 a trade, which is less, therefore better.
There are talks of a recession so i dont know if you should invest. Hey if you have money that you don't mind losing, go ahead and try it out. Thats what I did, lost half, then never looked back. its been smooth sailing.
GOODLUCK
2007-12-20 18:47:35 · answer #1 · answered by Remy Lebeau! 3 · 0⤊ 0⤋
You should not be investing right now. Take a year. Read several books. You're way too green to be risking real money.
The $500 is an intial deposit. It's yours to take back, invest or leave in the account.
For a beginner investor I'd suggest;
Schwab or Fidelity
After a few years you can consider;
Scottrade
TradeKing
After another year or more... you can move on to;
ThinkOrSwim
TradeStation
Interactive Brokers
MBTrading
2007-12-20 23:19:54 · answer #2 · answered by Common Sense 7 · 0⤊ 0⤋
It is in your account to use. You can get it out if you want.
2007-12-20 23:13:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋