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Stock Trading website tips

M

Mayfriday0529

Diamond Member
What kind of stock trading websites do you guys use, i'm looking to buy some stock and invest but i need something with low minimun required to start.

i was looking at this website www.sharebuilder.com but still reading all the Faq's to see if this is good enough for me. any others you guys know?
i mean when Google goes IPO i would like to buy a piece, unfortunately www.sharebuilder.com doesnt support IPO's.
 
Scottrade has lots of local offices. I have about 3K invested with them...very happy so far. Of course, I just started. 😛
 
With Sharebuilder you don't actually own the stock, i.e. it's registered with sharebuilder's name. Not really that important but still I'd prefer to actually own the stock.


The fees are annoying to me considering there are a few companies that sell stock without any fees directly. WTR and PNY come to mind. There are others as well. You can find fee free direct stock program lists online.
 
Originally posted by: astroview
With Sharebuilder you don't actually own the stock, i.e. it's registered with sharebuilder's name. Not really that important but still I'd prefer to actually own the stock.
Click to expand...

Do you mean that the stocks are just registered "in street name"? If so, this is pretty common and not a cause for any sort of alarm. Just means that sharebuilder.com can loan you stocks to others (to short them) more easily.

The fees are annoying to me considering there are a few companies that sell stock without any fees directly. WTR and PNY come to mind. There are others as well. You can find fee free direct stock program lists online.
Click to expand...

If you can find enough direct stock programs to get some good diversification, fine. Otherwise, the fees are worth it for the diversification (and reporting) that you can get with an account at a regular broker.
 
Yea I was referring to the street name. Not a big deal not to have it registered.

Regarding the diversification issue Hector. Lots of people use sharebuilder for individual stocks, and those purchases have fees. So I'm thinking why not just buy stock directly for companies for no fee?

Jnetty99, Check out http://www.equiserve.com/shs/index_shs.htm
Click buy stock direct. For diversification though an index fund through sharebuilder is better than individual stock.
 
Hey Jnetty99 instead of using sharebuilder consider buying stock direct and setting up direct investment plans where they debit $ monthly from you with these stocks:

PNY Gives 5% discount on reinvested dividends
WTR Gives 5% discount on reinvested dividends
AEP American Electric Power
PGL Increasing dividends since 1995
ATO A safe staid boring dividend paying utility stock
KSE A safe staid boring dividend paying utility stock
WRE 34 consecutive years paying dividends
HCP Very diversified one of the largest REITs
HCN 33 consecutive years paying dividends
DRE Increasing dividends for 10 years=
EOP One of the largest REITs in the country & first in S&P 500
FRT Increasing dividends for 36 years


note, I stole this list from the fool.com message board from a similar thread:
http://boards.fool.com/Message.asp?mid=20857059&sort=whole#20886185
 
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