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Thread: Stocks

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    SoCalEuro Member blueabdjetta's Avatar
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    Stocks

    What is the best way to buy stocks? I'm thinking of just buying a few 20 dollar or less stocks to have something going for me. I have 1 share of Microsoft I got as a gift when I graduated college. What is the cheapest way to purchase stock?
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    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: Stocks

    I'm using Fidelity for my rollover IRA. You should talk to a rep there, or TD waterhouse
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    SoCalEuro Member blueabdjetta's Avatar
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    Re: Stocks

    Just to buy single shares of stock? not look for an ira, just to score some shares of stock.
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    The Italian Job Moderator FunkTron's Avatar
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    Re: Stocks

    try eTrade? If you have an iPhone, they have an app that would let your obsessive compulsive disorder really shine. (If you are indeed OCD like the rest of us)


    Here are a couple more I'd trust.

    Online Trading - TD AMERITRADE - Online Stock Trading and Investing

    Online Trading and Online Investing Online Brokerage Scottrade

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    Buy Stocks Online and invest your money at ShareBuilder
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    Re: Stocks

    Interestin....^^,
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    Geek Administrator ncttrnl's Avatar
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    Re: Stocks

    If you're looking to buy a single share, try oneshare.com.

    There are tax consequences to owning stocks directly. You really need to educate yourself before you go too far but...

    Some stocks have a direct purchase program or a dividend reinvestment program available only to share holders. Once you hold a single share in your name, you can use these programs to buy additional stock or let your dividend gains ride for the next 60 years. People typically only do this with blue chip stocks. I had a bunch of Anheuser-Busch stock before InBev bought out the company.

    If nothing else, keep good records of how many shares you get, even fractional shares, and exactly what price and on what date you acquired them. This will help you figure out your cost basis when you finally do cash out. You can learn on your own why that is important.
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    Re: Stocks

    I use Scottrade, they are reputable. Last time I checked it was $7 per trade. I am not too sure how wise it is to invest in penny stocks in the current market. I'd even say it might be a horrible time to invest as most things have rebounded well and the market is really unstable, so there might not be much of an upside. Just my 2 cents.
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    Geek Administrator ncttrnl's Avatar
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    Re: Stocks

    Who said anything about penny stocks?
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    Re: Stocks

    Quote Originally Posted by ncttrnl View Post
    Who said anything about penny stocks?
    I have a friend who makes big$$$$$$ off penny stocks!

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    Re: Stocks

    Quote Originally Posted by ncttrnl View Post
    Who said anything about penny stocks?
    Yeah, sorry I misread thinking he said less than $2.

    Quote Originally Posted by URQ View Post
    I have a friend who makes big$$$$$$ off penny stocks!
    Yeah, people make money on penny stocks all the time, but it is a risky investment. My point is that in the present economy, funding is difficult to find for start-up type companies (I see this everyday). Rather, buying a well established company's stock when the market was down provided a means for the price to grow, yet still allow the sock to be less risky.
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    SoCalEuro Member tpotp's Avatar
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    Re: Stocks

    make sure you do good research before buying anything

    i suggest joining The Motley Fool
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    SoCalEuro Member BanamexDF's Avatar
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    Re: Stocks

    I like the trading platform from ThinkorSwim. https://www.thinkorswim.com/

    It's used more for options, but it's great because you can either use their free platform to trade stocks with real money or use "paper money" where you're just trading with imaginary money. With the paper money feature, you can trade realtime and gain experience without the risk of loosing money.

    There are better and less expensive options than Etrade. I'm using an Etrade account (got it before I learned about better alternatives) to manage some money and using the ThinkorSwim platform to fool around.
    Grupo Alfa, Mexico D.F.

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