Etrade?

Stocks aren't the right investment choice for a man of your age. Your father can advise you on the correct choice.
 
Holden_C04 said:
Stocks aren't the right investment choice for a man of your age. Your father can advise you on the correct choice.
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Pfft, whats age have to do with investing $25 in stocks?
 
You need more money than that to trade. You need $1,000 or $2,000 to really get started, otherwise you should do something like ShareBuilder, where you can buy and hold small lots over time.
 
baseballlover1 said:
Anyone do it? I just got an account and bought like 25 dollars worth of stock and they charged me a 10 commission. i feel
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Feel what? That the stock market is a scam? Well, at least you are a fast learner. :hide:
 
If you only have $25 to trade, you shouldn't be trading. Your stock would have to gain 40% to make up your losses in commision. Even then, when you sell, that's another $10. You spend at least a few hundred in a stock purchase and at least a few thousand in your portfolio. If you want to just save a few bucks here and there, open up a CD or something. If you can't make the minimum, I would suggest a high yield online savings account. HSBC and ING Orange online savings accounts usually have the highest yields. BTW, I use TD Ameritrade and the stock market isn't a scam if you know what you're doing.
 
Black240SX said:
Feel what? That the stock market is a scam? Well, at least you are a fast learner. :hide:
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The stock market is only a scam if you invest like a fool. Investing in things like index funds can give you great returns over a long period of time. If you want to keep your money in a low yield savings account, be my guest, but you can historically make so much more investing in even low-risk investments.
 
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