Money Forum World

Todd Burris · Joined: 08 Nov 2007 Posts: 2167

Where do I go to purchase stocks? And How much is the fee usually?? Thanks to all for your help.

Denver · Joined: 08 Nov 2007 Posts: 2173

I use Scottrade. I openned a brokerage account, $500 minimum. No fees for having the account.

The fee for bound and market trades of stocks is $7.00 for a purchase and $7.00 for a sell.

There are other fees if the stock price is under $1.00 per share.

Some brokerages offer a lower fee for market trades, and a higher fee for bound trades, but I usually use bound trades, because usually market trades are stupid.

KSampson · Joined: 08 Nov 2007 Posts: 2054

Id check out Scotttrade. I manage an Ameritrade account for a local club here. For an individual account Ameritrade wants $500 to open the account. Scotttrade has seven or eight dollar trades where Ameritrade has crept up to $10. Check around online. Best to you., =

Burton Burns · Joined: 08 Nov 2007 Posts: 2167

You have to use a broker to purchase stocks. This can vary from a full service professional individual or an online brokerage company where you place the orders yourself. Google buy stocks and youll see lots of choices.

Cost will usually rely on the level of service you want, and maybe the dollar amount you're investing.

On line fees are the cheapest. If you're a pretty active trader you may pay as little as $5.00 for each trade maybe less whereas a full service stockbroker may charge $85 or more for a $5,000 trade.

Ask yourself, do you want advice, or do you just want a place to execute trades?

For your real money and hard earned savings you may also think about starting with mutual money instead of stocks, particularly if the dollar amount is less than $10,000. A mutual fund will get you instant diversification.

Then paper trade stocks for a while if you think that you're interested in trading stocks for real. Youll get an idea if you have the real world knowledge and emotional makeup to be successful at it.

KevN · Joined: 08 Nov 2007 Posts: 2020

I debated this issue the same way some months ago the best I found was tdameritrade there fees seemed to fit me the best but you save fees if you purchase or sell in quanity if you purchase or sell one stock you still have one fee that is a flat rate that will nearly make it pointless I just started off with like 50 just so I could get use to the system and they don't require a minimum buy as most of the others do. My suggestion is start off small as I did add like 50 bucks and purchase three or four dollar stocks so you may be able to get a feel for how it works

Golddigga · Joined: 08 Nov 2007 Posts: 2086

First learn how the stock markets work.

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Best wishes

Sherri Schultz · Joined: 08 Nov 2007 Posts: 2153

Here is a great discount broker:
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Heres a great book on trading for beginners:
best stock trading systems.co.

Jeannette Morton · Joined: 08 Nov 2007 Posts: 2180

look up Drip money on or
google How to purchase directly and at low cost.