February 20, 2010
Does Anyone Do Any Online Trading With Ameritrade Or Any Other Company?
I’d like to start to trade stocks, but am not sure of costs. I’d like to start small with some fledgling, yet sure thing stocks. Any advice?
February 20, 2010
I’d like to start to trade stocks, but am not sure of costs. I’d like to start small with some fledgling, yet sure thing stocks. Any advice?
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I use Ameritrade sometimes. They are relatively inexpensive at $10.00 a trade. They have only marginal research facilities at their site. Fidelity is much more expensive for small accounts but their research facilities are much better. Ameritrade has made several errors in my account but they have rapidly corrected them when I brought them to their attention. I have had no problems at all with Fidelity.
One of the least expensive brokers is Scottrade at $7 a transaction. I do not use them but I know someone who does.
Sure thing stocks are the subject of fairy tales. In the real world they do not exist.
I’ve been using Ameritrade for 15 years. I’ve also used Schwabb, E*Trade, Fidelity, and TD Waterhouse. TD is now part of Ameritrade (or vice-versa). I have dropped all accounts except for TD Ameritrade. 9.99 per trade with no limit on number of shares. They also have reasonable option trading rates. Excellent service. I would definitely use Ameritrade.
I trade with Fidelity — and the smaller your account, the higher the fees you are charged with per trade. In Fidelity, here’s the fee structure for trading stocks
$8.00 = 120+ trades/year and $25,000 in household assets or $1 million in household assets
$10.95 = 36+ trades/year and $25,000 in household assets or $50,000 in household assets or 72+ trades/year
$19.95 = Standard rate available to all customers
Options have the same fee structure +$.75/contract
Mutual funds have $75 Flat Fee
If you won’t trade as much or you don’t have as much money to invest, I suggest you consider others
sharebuilder is good!
they are now under the ING umbrella
I shopped and made the decision on them due to the minimum amount to start so depends on how much money you want to start with but compare and see!
I like TD Ameritrade,,,,,about 10-12 per trade………….
good execution and some research on their site………
Hunches usually don’t work…….watch ”deal or no deal” for a few weeks…………..
I use Zecco.com. They are relatively new to the scene, about 2 years old now but they offer a great deal – 10 free trades per month with a minimum equity balance of $2500. This is huge for small time traders. If this limit is not met, or if you do more trades per month it is only $4.50 per trade. I was hesitant at first but they have been great for me.
They don’t have all the fancy stock research tools, but I find using Yahoo!, MSN, and some other journals is all I need. What can I say… it is really important to exploit the small edges.
I use E-trade.
There is no such thing as a “sure thing” in the stock market. In fact, you can loose your shirt. There are far more losers than winners in day-trading. You just do not hear about the losers. If you were a losers, would you tell?
The best way to make money in the stock market is to pick a stock that pays dividends, is off its high mark, has good management, and a future, and buy some, and hold it for a long time. Years, that is. In my opinion, Lowes, the home improvement company, is in this situation. I own some of it. It is selling about $24.50 now. If you want a lower price stock, Xerox hopefully will go up in the next 12-18 months.
The more research you do yourself, the better off you will be. See if you can get Warren Buffet’s book in your library and read it. It should help you greatly. Don’t buy a stock based on what you hear on the www by an unsolicited email. Talk is cheap.
Good luck.
Regards,
Dan
I use TD-Ameritrade. I used to use E-Trade. TD-Ameritrade transaction fees are less than E-Trades. They also provide good support and research. I like their trade triggers. I set the values at night and when the rule conditions are met the requested buy/sell is executed. PS. there is not such thing as a sure investment. Make investments that have lower risk, minimize your losses and your gains will come. Good Luck. having luck is executing with a prepared mind.