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05-04-2006, 03:52 PM
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#1
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Recycles dryer sheets
Join Date: Apr 2006
Posts: 84
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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.
__________________
"The one who creates does not wait for an opportunity, blaming circumstances, the fates, and the gods. He seizes opportunities or creates them with the magic wand of his will, effort, and searching discrimination"<br />-Yogananda
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05-04-2006, 05:21 PM
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#2
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Recycles dryer sheets
Join Date: Jan 2006
Posts: 362
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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.
__________________
Fat, drunk, and stupid is no way to go through life, son.
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05-04-2006, 05:40 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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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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05-04-2006, 06:41 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Re: Where to buy stocks?
__________________
May we live in peace and harmony and be free from all human sufferings.
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05-04-2006, 06:49 PM
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#5
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Recycles dryer sheets
Join Date: Apr 2006
Posts: 84
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Re: Where to buy stocks?
Thanks everyone, I'll look into your suggestions.
__________________
"The one who creates does not wait for an opportunity, blaming circumstances, the fates, and the gods. He seizes opportunities or creates them with the magic wand of his will, effort, and searching discrimination"<br />-Yogananda
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05-04-2006, 06:59 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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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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05-04-2006, 07:05 PM
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#7
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Recycles dryer sheets
Join Date: Apr 2006
Posts: 84
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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.
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No comments eh?
Well, now I want some elaboration!
__________________
"The one who creates does not wait for an opportunity, blaming circumstances, the fates, and the gods. He seizes opportunities or creates them with the magic wand of his will, effort, and searching discrimination"<br />-Yogananda
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05-04-2006, 07:14 PM
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#8
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Recycles dryer sheets
Join Date: Feb 2006
Posts: 212
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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.
SC
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05-05-2006, 05:38 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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05-05-2006, 07:03 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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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.
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I heard that WF will include your mortgage balance in this deal, also?
Quote:
Avoid sharebuilder with the $4 buys one day a week.
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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.
__________________
- Hurry! to the cliffs of insanity!
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05-06-2006, 08:48 PM
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#11
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Dryer sheet wannabe
Join Date: Jan 2006
Posts: 10
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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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05-06-2006, 08:53 PM
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#12
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Dryer sheet wannabe
Join Date: Jan 2006
Posts: 10
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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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05-07-2006, 05:04 PM
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#13
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Recycles dryer sheets
Join Date: Apr 2006
Posts: 84
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Re: Where to buy stocks?
Quote:
Originally Posted by pms163
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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.
__________________
"The one who creates does not wait for an opportunity, blaming circumstances, the fates, and the gods. He seizes opportunities or creates them with the magic wand of his will, effort, and searching discrimination"<br />-Yogananda
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