Good online trading website?

[T9D]

Hi. What's a good online trading company so I can buy stock? Something that would be fast to get into and easy to use. I just want to buy say some Microsoft stock or something and hang onto it for a while. Then buy some more every now and then when I get some extra money on hand.

Thanks.

 

[HombrePequeno]

Scottrade is the best if your looking to do a decent amount of trades with a smaller investment.

Sharebuilder is nice if you're not looking to take your money out...ever. Also they only do cheap trades on Tuesday. Real time trading is expensive as hell with Sharebuilder.

BrownCo. is absolutely the best if you can divy up the cash to join them (minimum $15k investment I believe).

Also, may I ask what this is for? Are you looking to do some general savings or what? If you are just trying to build up a small portfolio, you might want to invest in an index fund. Just putting money into one stock is a bad decision.

 

[NiKeFiDO]

e-tradez0rz

 

[IHateMyJob2004]

ameritrade is what I use. Easy to use $11 trades. You need A $2,000 balance though at all times, so unless you have $3,000+ you should wait till you do.

AND PLEASE don't let tech be yourfirst investment. Get a bank like bank of America or sim ply something safe. JP is another example of a safer investment.

 

[DaveSimmons]

An S&P 500 index mutual fund is a much better and safer long-term investment than any 1 stock. It's a collection of 500 different large US companies (including Microsoft) on a list from Standard & Poors, one of the 3 main market indices you'll see listed everywhere including the front page of cnn.com.

ETrade has a good in-house S&P 500 fund, I don't know about AmeriTrade or ScottTrade. If you can put in at least $5,000 to start then Vanguard.com is a good choice since their VFINX S&P 500 fund is one of the best (lowest management cost).

 

[HombrePequeno]

Originally posted by: DaveSimmons
An S&P 500 index mutual fund is a much better and safer long-term investment than any 1 stock. It's a collection of 500 different large US companies (including Microsoft) on a list from Standard & Poors, one of the 3 main market indices you'll see listed everywhere including the front page of cnn.com.

ETrade has a good in-house S&P 500 fund, I don't know about AmeriTrade or ScottTrade. If you can put in at least $5,000 to start then Vanguard.com is a good choice since their VFINX S&P 500 fund is one of the best (lowest management cost).

I think you only need $1000 for the Vanguard index fund. I'm invested in that fund and I only started out with a little less than $2000.

 

[desk]

Originally posted by: IHateMyJob2004
ameritrade is what I use. Easy to use $11 trades. You need A $2,000 balance though at all times, so unless you have $3,000+ you should wait till you do.

AND PLEASE don't let tech be yourfirst investment. Get a bank like bank of America or sim ply something safe. JP is another example of a safer investment.

ameritrade also offers a service called ameritrade izone, which is only $5 per trade. but i think you need $5000.