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Buying stock
shardian:
There is a stock I am wanting to buy into, but it would be the only stock I've ever bought and I won't be buying any more any time soon. What would be my best option for a single purchase. My father-in-law used Etrade, but he had to basically sign up for a credit card and a checking account for one frikkin trade. I figure there has to be a better option than that.
So who all here trades and has some good advice for a first timer.
ChadTower:
Heh. I'm almost in the same boat, but I own some stock and want to sell it but have never bothered to figure out how. :laugh2:
CCM:
I looked into buying a single stock a while back and ended up caning the idea. All the websites I looked at required way more for the initial funds than I was willing to put in for my one measly stock.
ClubNinja:
I will depend on how much of the stock you're planning to buy into. As CCM noted, there's always an initial funds number that you'll have to meet to even get started. Just before the nasty market activity earlier this year, I dumped my high-risk stocks and haven't had any inspiration to bother since. If you are able to invest the minimum start-up-funds-amount, I'd probably recommend Scottrade, as they worked well for me. ETrade itself has been fairly sketchy over the past few months, so I wouldn't go through them.
DrewKaree:
Shardian, go to www.clarkhoward.com and see what he's recommending. Then go to www.themotleyfool.com and compare. I'd go with what matches. If NOTHING matches, then I'd pay attention to Clark Howard. He's ALL ABOUT saving you cash and doing stuff the cheapest (and WILL point out when the cheapest thing isn't necessarily the best - a definite plus in my book)
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