Stocks

[Row1and]

Which of all the available online stock brokers would you recommend and why? Be it Scottrade, ameritrade, extrade etc.

Also, I am new to stocks markets and just starting out.

 

[manlymatt83]

Originally posted by: Row1and
Which of all the available online stock brokers would you recommend and why? Be it Scottrade, ameritrade, extrade etc.

Also, I am new to stocks markets and just starting out.

I'd recommend sharebuilder/ING for someone just starting out. YGPM.

 

[gotsmack]

depends on how much money you want to invest with, how often you trade, what tools you need, and what features you need.

 

[drinkmorejava]

Originally posted by: gotsmack
depends on how much money you want to invest with, how often you trade, what tools you need, and what features you need.

What he said.

The cheapest is prob zecco.com @ 4.50 a trade. 10 free/month if you have $2500 in equity. I've used them for a while, and I'm happy. There aren't a whole lot of tools though. I use free QuoteTracker, and stream quotes from an unfunded TD ameritrade account.

 

[DukeFan21]

I use Scottrade. $7 a trade, pretty simple interface, and of course free streaming quotes. I'm a very light trader and am happy with it. $500 account minimum I believe.

 

[Born2bwire]

Here's some helpful investing advice I overhead the other day:

Harvey Birdman: So I'll just put my savings in this diversified index fund. Safe and sound.
Phil Ken Sebben: It's 1985, Birdman, wake up! The smart money is going into S&L's... like that one!
Harvey Birdman: You mean Lincoln Savings & Loans?
Phil Ken Sebben: Right, S&L's are unkillable. Ever seen "It's a Wonderful Life"? Even that Bailey bastard couldn't screw it up!

 

[Gothgar]

Originally posted by: Born2bwire
Here's some helpful investing advice I overhead the other day:

Harvey Birdman: So I'll just put my savings in this diversified index fund. Safe and sound.
Phil Ken Sebben: It's 1985, Birdman, wake up! The smart money is going into S&L's... like that one!
Harvey Birdman: You mean Lincoln Savings & Loans?
Phil Ken Sebben: Right, S&L's are unkillable. Ever seen "It's a Wonderful Life"? Even that Bailey bastard couldn't screw it up!

ha

 

[JS80]

buy SKF and FAZ

 

[SSSnail]

Originally posted by: JS80
buy SKF and FAZ

LULZ! (No, that's not a ticker)

 

[Row1and]

thanks for all the hints. i think I might go with scottrade. But I have more research to do.

 

[manlymatt83]

Originally posted by: Row1and
thanks for all the hints. i think I might go with scottrade. But I have more research to do.

I will keep saying that if you're just starting, I really recommend sharebuilder.com, especially now that they are tied into ING. I started with them, then went to ETrade, hated them, went to Ameritrade, made Ameritrade Apex (I traded a lot), dumped them for Zecco (though I still have the Ameritrade account), and finally went back to Sharebuilder. Zecco is great because its free trades ($4.50 with less than $2500 in it), but I felt Sharebuilder was much more worth it for the cleanliness, ease of starting, etc.

If you're just starting, begin with Sharebuilder, build your account up to $2500 in equity, and then pay $50 and move it all to Zecco for the free trades. You'll have the experience, take advantage of Sharebuilder's free money, trades, and free trials, it will be cheaper to build up your portfolio, and then you move it over.

My .02. Again, if you want more info, you have my PM.

 

[manlymatt83]

What did you end up choosing?