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Where to buy stocks?
Old 05-04-2006, 04:52 PM   #1
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Where to buy stocks?

Could you recommend a deep discount online broker through which I could buy individual stocks? This would be for an IRA.
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Re: Where to buy stocks?
Old 05-04-2006, 06:21 PM   #2
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Re: Where to buy stocks?

Have some friends who use scottrade. I use vanguard brokerage, linked to my ira, but I am an infrequent trader and vanguard fees are not in the discount rate mode. V, Do not consider this an endorsement for either one . Possibly some online traders will jump in.
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Re: Where to buy stocks?
Old 05-04-2006, 06:40 PM   #3
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Re: Where to buy stocks?

WellsFargo gives you free trades if you have $250K invested with them. Otherwise it's $2.95 if you have $100K with them. TDAmeritrade charges $9.95

Avoid sharebuilder with the $4 buys one day a week.
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Re: Where to buy stocks?
Old 05-04-2006, 07:41 PM   #4
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Re: Where to buy stocks?

E*Trade: http://www.etrade.com
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Re: Where to buy stocks?
Old 05-04-2006, 07:49 PM   #5
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Re: Where to buy stocks?

Thanks everyone, I'll look into your suggestions.
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Re: Where to buy stocks?
Old 05-04-2006, 07:59 PM   #6
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Re: Where to buy stocks?

Wow, no comments about the folly of buying individual stocks in an IRA. I'm impressed.
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Re: Where to buy stocks?
Old 05-04-2006, 08:05 PM   #7
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Re: Where to buy stocks?

Quote:
Originally Posted by LOL!
Wow, no comments about the folly of buying individual stocks in an IRA. I'm impressed.
No comments eh?
Well, now I want some elaboration!
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Re: Where to buy stocks?
Old 05-04-2006, 08:14 PM   #8
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Re: Where to buy stocks?

I'll second for Scottrade. They've always been good to DW & I, even when our accounts were very small - no "maintenance" fees, $7 trades regardless of account size, and friendly help (in person) from the local brokerage office when we needed help dealing with some paper stock certificates.

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Re: Where to buy stocks?
Old 05-05-2006, 06:38 AM   #9
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Re: Where to buy stocks?

I've been very happy with Schwab ven though the commissions are slightly higher. If you are buying more than a few thousand dollars of stock at a time it is a wash, mostly.
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Re: Where to buy stocks?
Old 05-05-2006, 08:03 AM   #10
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Re: Where to buy stocks?

Quote:
WellsFargo gives you free trades if you have $250K invested with them.* Otherwise it's $2.95 if you have $100K with them.
I heard that WF will include your mortgage balance in this deal, also?

Quote:
Avoid sharebuilder with the $4 buys one day a week.
I think that we have talked about them before and for larger buys, you probably dont get the best price. They have fees on their iras, also. They seem to be ok if you want to do some taxable investing in smaller amounts...and they do give out a lot of new account signup bonuses for accounts.
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Re: Where to buy stocks?
Old 05-06-2006, 09:48 PM   #11
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Re: Where to buy stocks?

IB is quite inexpensive ($0.005 per share, with max of 0.2% of trade value). And you can trade directly on many foreign markets.

Not for the fainthearted though. No handholding whatsoever.

http://www.interactivebrokers.com/en...?ib_entity=llc
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Re: Where to buy stocks?
Old 05-06-2006, 09:53 PM   #12
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Re: Where to buy stocks?

Another to consider is Trade King. $4.95 per trade. No minimums.
https://www.tradeking.com/

Ameritrade's no-handholding izone is $5 per trade.
http://www.izone.com/

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Re: Where to buy stocks?
Old 05-07-2006, 06:04 PM   #13
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Re: Where to buy stocks?

Quote:
Originally Posted by pms163
Another to consider is Trade King. $4.95 per trade. No minimums.
https://www.tradeking.com/

Ameritrade's no-handholding izone is $5 per trade.
http://www.izone.com/

IB is quite inexpensive ($0.005 per share, with max of 0.2% of trade value). And you can trade directly on many foreign markets.

Not for the fainthearted though. No handholding whatsoever.

http://www.interactivebrokers.com/en...?ib_entity=llc
Thanks for the links, those are really cheap. You're right about no hand-holding though, this will be my first time buying stocks so I'll have to make sure I know what I'm doing before opening an account.
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