Localfund.com - All about Fund and Investment
*Home>>>Investment Advice

Where to invest stocks?


My husband and I want to invest in stocks and are totally new to it, just wanted some opinions on who to invest online with. Ameritrade, Scottrade, Charles Schwab etc???? We only want to start with about $500 or less right now so who has low investments? Who do you use and why? Any advice?

Scottrade can start you with $500, which is their minimum. I use it myself and they are good.

Schwab is also very, very good--but you'll need more to start an account with them, especially to get the good stuff. (Then too, Scottrade has some really good stuff as well, and you'll need about $25k on account and a monthly charge for that)

You should not invest unless you have at least 6000 dollars and here is why:


1st you want to be able to average down at least once and you only want to buy with no less than 3000 its all about the costs 15.95 / 3000 = 0.5% and 15.95/500 = 3.19% gain before you even start making money. Plus you dont want to plop it all down in one chunk the most effective system is dollar cost averaging.

With that said Schwab is really great (they have no limitations on what you can buy) but scotttrade and etrade have better tools. However Yahoo Finance has all the information you need and schwab provides real-time quotes. But their min is 2500

Tags
  Investment Firms   Investment Company   Investment Calculator   Investment Bank   Investment Advice   Investment Account   Invest Money   Invest in Gold   Invest Fund
Related information
  • I recently came upon an extra $11,000 and was wondering what the best thing to do with it would be?

    Investing in a retirement account is one of the best ways to pay yourself. You can invest cds, stocks, mutual funds, bonds, ETFs inside IRAs. Roth IRA has TAX FREE growth and TAX FREE withdrawa...

  • What are some great career choices for an INFP?

    I'm an ENFJ, so I don't deal well with the business world myself! The NF combo is very powerful, which you have too. Often INFP's have strong value systems, often put others first...

  • Making it to a Million?

    Congrats - I am on the same mission, except my wife stays home to raise our 2 children. I plan on making it to a million by saving and investing. I spend a lot of time researching stocks because I...

  • Investing help for a 15 year old?

    Yes, if you are as smart as you sound, why would you ask random people via Yahoo answers? But, to be honest, who says you can't make money domestically? I recommend you at least look at GME (G...

  • How can I become financially stable?

    Preparing for a stable future means writing down your goals that you can reasonably achieve. Like will you live as debt-free as possible which is best for being financially stable. 1. Credit card...

  • Retiring in France with a dollar income?

    Hi Rex - we are already corresponding - There used to be a really interesting International Salary Calculator online, but is seems this has been grabbed and all the links now point to a sales page ...

  • I have about 拢50k to invest but am thinking the best return would just to be to pay off some of the mortgage?

    You're quite right. If you have a mortgage with an interest rate of, say, 7.5%, that means you have to earn 9.375% of the mortgage amount every year just to pay the interest (because there is ...

  • Investing for maximum return years down the line.?

    Warren Buffett say "Put all your eggs in one basket, then watch that basket very close" You can get high returns but only if your interested in taking the time to educate yourself and be...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster