Sunday, August 9, 2009

What online broker is best for a lower income newer investor/trader.?

Low cost , really low, with the most help for a new trader?
What online broker is best for a lower income newer investor/trader.?
frankly, i prefer stuffing it under the mattress.


bonds look good today, but as soon as the market improves, bonds will tank, and you'll lose more in the bond value than the interest that you've made.





do i have a good idea? Nope. Sorry.





i used scottrade until i messed up.


then i transferred my account to Merrill Lynch, and got someone smarter than me to manage it.


however, each office, and each agent is different.


within the company they all compete against each other.





my brother likes vanguard.


if they have either a money fund, or a basic material (soap and corn flakes) fund, those are probably where you should be today.


and probably for the next year or more.


however, eventually the market will improve, and you don't want to be stuck at that point.


there's a really good chance that it'll be quite a wild ride.





so, scottrade or vanguard.


don't make the mistake Bush would have liked you to.


"I think you should be in control of your money."


there are lots of folks, working full time in stocks, making lots of money, competing against folks like you and me who don't understand the market as well as they do.





forex is money trading.


you can lose everything you have in a matter of hours.


people there are sharks.


it's your money, but i guarantee that i'm not going anywhere close.
Reply:If you are capable of making you own investment decisions and will only trade stock once a week or less then Sharebuilder offers a "BASIC" automatic investment plan.


No account minimum balance requirement.


$4.00 commission charge using the plan.


You can only buy/sell stock on Tuesday's using the plan.


$9.95 commission charge for real-time trading.








If you will trade more than once a week Scottrade is a good brokerage firm to use.


$500.00 minimum to open an account.


$7.00 online trading commission for stock over $1.00 a share.


NO account maintenance, service, or inactivity fees.








If you want advice/assistance with buying/selling stock you have to choose a full service broker (much more expensive).





http://www.investopedia.com/terms/f/full...
Reply:The most help for a new trader is the best way to go. The less costly a broker is... the less help you're going to get (unless it's a broker for very active traders.... 100's of trades a month)...............





Go with;


Charles Schwab or


Fidelity Investments





The few dollars you'd save in commisions will be made up in the help you'll get.
Reply:Even though its bad for the economy I'm giving you some advise:





Put your money in bonds.
Reply:look at this site : http://forexadvisor.us
ghetto names

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