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Buying stock

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shardian:
This is considered a penny stock I believe. Shares are at 19 cents, and I'm wanting to buy 2000 shares- which is $380.

koolmoecraig:
get a scottrade account.

penny stocks are super high risk but $380 isnt much to risk.

I bought a penny stock a few years ago for around .60 cents a share.  It went to $21.  I pulled out about $40k in profit but lost the rest cause the stock was halted by the SEC for issuing bogus press reports.

Cakemeister:
Personally, I think with such a small amount you should go with a mutual fund.

danny_galaga:

--- Quote from: shardian on February 13, 2008, 08:53:31 pm ---This is considered a penny stock I believe. Shares are at 19 cents, and I'm wanting to buy 2000 shares- which is $380.

--- End quote ---

you normally have to buy in minimum parcels. in australia its $500, so more than likely something like that in the US. the easy thing is the buying, when you've bought it, youll find the hardest thing is deciding when to sell  ;D

etrade are well known, but maybe shop around for some other biggies. i the company i use (commsec, no good to you) didnt have any sign up fees or conditions when i started with them. hopefully there is something (reputable) around to suit you.

quarterback:
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

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