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- Meya
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Replied by Meya on topic U go Frances, you got
U go Frances, you got information that could break a prisoner out scott free...lol. You sort of got me thinking about trying it out. I just hate to give my money away to someone else unless I have what I want to purchase right then and there. I think my heart would beat irradically if I had to invest in something because my luck is horrible.
- frances
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Replied by frances on topic Hi Stephny, Google "buy stock" and
Hi Stephny,
Google "buy stock" and you will see a sponsored link for TD Ameritrade. They offer commission free trades for 45 days with a minum opened account of $2000. I have heard good things about this company.
Their 9.95 trades afterwards can come down a little if you shop with a company you trust. They also do not charge a maintenance fee, just fees for trading (buying and selling).
I have never been a big fan of mutual funds, as much as they are pushed onto customers at banks. The banks almost make you feel foolish because you are not investing in one of their funds. The reasons is because they make allot of commission for customers investing in these funds. You can develop your own fund by investing in more than one stock
Who knows what the market is going to do, but I know that with the Fed lowering rates, it is going to be more attractive than other terms of investing. The most important advice that I can give you is to:
Do's
- Do re-invest dividends instead of choosing a cash option
- Plan on a long term investment when buying stock (7+ years)
- Invest in stocks that you love and want to promote
Dont's
- Do not put all of your eggs into one basket
- Raise your stress level by checking on your stock rates every day. Remember that you should consider investing in the market as a long term, not short term investment
I have done really well, with earnings of around 20% over the last 3 years. I don't know if I got lucky, and if the next 3 years will be as nice to me. Not all of my stocks have done well, but the average return is what I look at now.
Google "buy stock" and you will see a sponsored link for TD Ameritrade. They offer commission free trades for 45 days with a minum opened account of $2000. I have heard good things about this company.
Their 9.95 trades afterwards can come down a little if you shop with a company you trust. They also do not charge a maintenance fee, just fees for trading (buying and selling).
I have never been a big fan of mutual funds, as much as they are pushed onto customers at banks. The banks almost make you feel foolish because you are not investing in one of their funds. The reasons is because they make allot of commission for customers investing in these funds. You can develop your own fund by investing in more than one stock
Who knows what the market is going to do, but I know that with the Fed lowering rates, it is going to be more attractive than other terms of investing. The most important advice that I can give you is to:
Do's
- Do re-invest dividends instead of choosing a cash option
- Plan on a long term investment when buying stock (7+ years)
- Invest in stocks that you love and want to promote
Dont's
- Do not put all of your eggs into one basket
- Raise your stress level by checking on your stock rates every day. Remember that you should consider investing in the market as a long term, not short term investment
I have done really well, with earnings of around 20% over the last 3 years. I don't know if I got lucky, and if the next 3 years will be as nice to me. Not all of my stocks have done well, but the average return is what I look at now.
- StephNY
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- frances
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was created by frances
Mine is Google (GOOG), Walmart (WMT) and Jp Morgan Chase (JPM). Don't know about the last 2 with all of the mortgage woes, and how they will fare. Since the FED drop, I feel a little more proud to own them.
Anyone else?
Anyone else?
