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Where can I invest money in stocks on my own. Looking for companies like etrade.com? |
Just like the question says. I want to try and invest money, where can I go. I do not wish to use a broker. Scottrade for an online account. Etrade is a great company I use Scottrade. It took just a few minutes to open an account. They only wanted a $500 minimum (but, to the delight of brokers, bankers, and casinos, I brought more). Most trades are a flat $7 and often executed very quickly. The more advanced trading browser will cost you extra, but there is a freebie that works for the basics (I usually do my research elsewhere, often but not always free). While I can trade through a broker, those cost extra and the mix of available offices is good, but I usually only call an office when I lost my password or fumbled my account number or asked about trading options too. So a human is available when you need them, but you usually won't need them. scottrade is a good one. they charge you $7 per trade whether you buy 1 share or 1 million. they also pay you about 1/2% interest on uninvested cash in your account. they are a deep discount broker so you won't have to talk to a human at all once your account is set up. i know you said you don't want to use a broker but that's how you buy and sell stock unless you just go to a company and buy it directly from them. all these online places that allow you to buy and sell securities online are brokers. that just means they are the middle-man between companies that issue the stocks and the people who buy them. it's pretty convenient. if a stock pays a dividend, it just goes right into your account. all you need to get started is $500 to invest. that is not a fee. it's still your money but they won't open up an account for less. www.scottrade.com hope this helps If you think you might want a lot of research facilities, then Fidelity is an excellent choice. The offer a great deal of independent research. I have two accounts: I would take a look at sharebuilder.com. Sharebuilder lets you trade securities for as low as $4 a transaction. You also will avoid the fees that the discount brokers begin charging when the market turns south. I work in the industry though not at sharebuilder and I recommend sharebuilder to anyone starting out with investments. Feel free to drop me a line should you have any additional questions. Good luck! I use scottrade. You should use platforms like ameritrade, scottrade and etrade until you get experience and move to trade station to make more sizable trades I personally use sharebuilder. It is good there customer service is great. The plan is cheap also. The best thing no minimums so go with sharebuilder you won't be mad. Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions. I use Scottrade. The brokers are there if you need them. Love their trading site and it's cheap. |
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