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Buying stock

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shardian:

--- Quote from: quarterback on February 14, 2008, 12:15:53 am ---I have an ING savings and checking account and recently got an ad from them regarding a new stock service they're offering.  I didn't read all the fine print, but it looked pretty basic, allowing you to just buy whatever out of your account with a single time fee and be done with it.    And for those who aren't sure about how to cash out of their current investment scheme, it also looked like it'd be easy to do by just selling and dumping the money back into your ING account.

Again, I did NOT read all the fine details and this is a quick summary of what the features appeared to be.  That being said, it seemed like a pretty decent way to test the investment waters without having to sink a bunch of time and money or monthly fees (the "basic" version has no monthly fees)

Here, it's called ShareBuilder, you should be able to get there from the www.ingdirect.com page, or try this direct link for more info:
http://home.ingdirect.com/products/redirectMF.asp?s=SBP2&u=OptionA

--- End quote ---

I'll definitely look into that! We have an ING savings account and I was gonna pull the money from there anyways. Too bad the savings rate has been going down huh? I was enjoying that 4.5% rate.

Samstag:
Sharebuilder has been around a while.  I've never used it, but I remember it was highly recommended for small investors about 10 years ago.

I use Etrade and it's been great to me, but I don't think it's very friendly to small investors except for IRA accounts.

myntik1:
I use sharetrader and haven't had any problems.  The downside is you get yanked for fees (not sure how much) if you don't trade on a Tuesday.  I just have a set amount taken from my checking account every Tuesday and put into a stock.  I've done this for the last 3 months.  I haven't tried to withdraw any funds though.  I may try to sell $100 worth of my quickly depreciating Sirius stock to see what a hassle it would be.

JeepMonkey:
I use Zecco.  Set up an account, import money, put in an order.  If you have less than $2k they charge a $4.50 transaction fee.

SavannahLion:
I've heard about ING. I always assumed it was a type of an account.

I want to open an account and get a few stocks for my son. My idiot bank is pushing hard for me to purchase CD's and deposit money into a no interest "Child" Savings account. My mom and another woman is pushing me to buy Bonds instead. Yeesh. I want him to have earned more than $5 to his name when he turns 18.

I have ZERO problems letting stocks just sit there and earning. Not because I don't care or have the patience, I'm just too damn lazy more often than not to bother checking and worrying.

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