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What stock trading platform do you use?
- Thread starter z1ggy
- Start date
DaveSimmons
Elite Member
I just buy and hold stock index mutual funds, so no software needed.
According to an article in the Sunday paper, last quarter the S&P 500 index outperformed 60% of actively managed funds so being lazy has its rewards.
According to an article in the Sunday paper, last quarter the S&P 500 index outperformed 60% of actively managed funds so being lazy has its rewards.
DaveSimmons
Elite Member
^ but these are professionals, paid huge salaries because they allegedly know what they're doing, and with access to much more information than you have.
The odds are not in your favor, but as you say you're young.
Have you considered a 50-50 split? Gamble with half of your investment money, do something boring like a Vanguard stock index or target fund with the rest?
The odds are not in your favor, but as you say you're young.
Have you considered a 50-50 split? Gamble with half of your investment money, do something boring like a Vanguard stock index or target fund with the rest?
HardcoreRobot
Lifer
started with scotttrade, so have some money in there. recently moved to automatic investing with sharebuilder.
Corporate Thug
Lifer
TD Ameritrade.
JMapleton
Diamond Member
A stock index will do nothing but maintain capital. It's a terrible investment for anyone who is intelligent enough trade, which is less than 1% of all investors.
I'm completely invested in oil trusts (nearly 10% dividend and constantly increasing stock price). It will blow away almost any index in the long run. This is just my personal opinion.
But admittedly, I still recommend index funds for most people because most people are too emotional and not intelligent enough to trade.
dullard
Elite Member
You can take more risk, that is true. But you might not want to. The average index fund grows in the long run, the average investor's account doesn't grow in the long run (or grows minimally). Just look around for some statistics comparing the average returns.
Investors tend to be less diverse, get in the hot new stock too late (or worse, not at all), take unnessary gambles, or miss easy opportunities. Sure, you might do better, but you might do far, far worse too. The boring index fund is your best friend, especially if you are young.
That doesn't mean you have to pick just the S&P. A small-cap foreign fund can give you excitement and good returns as part of a mix of funds.
Then with your spare money, buy some stocks on your own.
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z1ggy
Lifer
As far as index goes, I already am in the s&p 60% of my 401k. The other 40% is small-cap index fund. So as far as a personal trading account goes, the indices I might be interested in are the emerging market index, or maybe the tech. index.. I don't know. Like you said a Vanguard could work. I want this personal stock account to be my riskier portfolio as I think my 401k is less risky because it only consists of index funds. My plan is to pick 2-3 stocks and buy and hold for a while. Not planning to trade often, unless the market turns down really bad. I am thinking of buying some AAPL, CHK, and either LULU or CAT.
OBLAMA2009
Diamond Member
this is the best advice. almost no "pros" outperform index funds in the long run, esp when you take into account management fees, so its unlikely you will. if you decide to speculate in stocks on our own you need to take into account trading costs and capital gains which can really eat into profits, as well as all the personal time youll waste
That sentence right there proves that you are a complete fucking moron and have no idea what you are talking about.
Index funds don't "just maintain capital." Putting your money into a savings account "just maintains capital." An index fund will provide a very low cost, instant diversification of your portfolio way to invest that outperforms most actively managed funds. You are probaby confusing beta with "capital maintenance" - something that anyone that's spent 12 seconds reading up on trading will know the difference between. 1.0 Beta != capital maintenance.
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Oy...
Debt ceiling is already driving prices down. The day it is resolved, assuming it's halfway reasonable, the market will jump 1%+.
That's not really worth worrying that much about, though. In the long run, unless you are doing some serious, serious frontloading, the difference will be miniscule. Just go in, buy a ultra-low cost index fund (first purchase , I'd go with an S&P500 index, personally) and check in once in a while.
JTsyo
Lifer
In that case you should wait until the 11th hour and buy when stocks are at their lowest.
Capt Caveman
Lifer
Etrade
sunzt
Diamond Member
sunzt
Diamond Member
sunzt
Diamond Member
Just 2 trade is also very cheap 2.50/trade, but no advanced orders.
http://www.just2trade.com/fees/commissions
http://www.just2trade.com/fees/commissions
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