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internet trading account
Old 10-09-2008, 05:16 PM   #1
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internet trading account

I'm a really really new investor. I want to buy a few individual stocks/mutual funds. The prices seem really low right now, and I know the bottom of this market is nowhere in sight. I just want to gamble with 2k or so to start and I'm curious what internet trading site I should use. I have heard bad things about etrade and scottrade. What do you guys think I should use??
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Old 10-09-2008, 05:56 PM   #2
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DLS1,

Vanguard, Fidelity and Schwab are pretty popular with the folks on here.

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Old 10-09-2008, 06:33 PM   #3
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I use TD Ameritrade -- have had good service and trade prices are decent ($9.99).
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Old 10-10-2008, 05:10 PM   #4
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Don't you get like 30 free trades at TD Ameritrade? I want to buy stock on monday, but will I be able to? I tried to set up a zecco account to buy today and I read it can take a week just to get your account approved, then the money wires take like 2-3 days.

My bank is open tomorrow. Will TD open my account instantly, and have me ready to go by monday? Is this possible with vangaurd or anyone?

Thanks
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Old 10-10-2008, 05:46 PM   #5
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It's pretty tricky to open a brokerage account in a day. If you can find a broker with a local office and you bring them cash, you might be able to swing an active account by Monday.
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Old 10-10-2008, 06:30 PM   #6
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Quote:
Originally Posted by leahcim View Post
Don't you get like 30 free trades at TD Ameritrade? I want to buy stock on monday, but will I be able to? I tried to set up a zecco account to buy today and I read it can take a week just to get your account approved, then the money wires take like 2-3 days.

My bank is open tomorrow. Will TD open my account instantly, and have me ready to go by monday? Is this possible with vangaurd or anyone?

Thanks
I am not sure about how long the process takes -- I opened my last account with them via online application and electronic transfer of funds from my credit union but cannot remember the timeline since I was not in a hurry. You might be able to do this within a day a two -- I would call them to find out. My first account with them was a Roth which I had with TD Waterhouse (before Ameritrade took them over). I think they still offer the free trades for a new account.
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Old 10-10-2008, 08:35 PM   #7
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Thanks. My zecco account was approved about 2 hours ago. I'm going to just electronically transfer funds (3-4 days). Then, maybe GE will be lower. We'll see.
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