January 13, 2010
What’s the best website to use for investing in stocks?
geniphurb asked:
I’ve heard E*Trade isn’t that great because their fees eat up your profits. We’re not looking to invest much right now. This will be the first time my husband and I have invested in anything other than mutual funds or retirement plans. So please help the newbies! Thanks.
So, out of curiousity, can you pick a mutual fund that has certain types of stocks in it?
Sara
I’ve heard E*Trade isn’t that great because their fees eat up your profits. We’re not looking to invest much right now. This will be the first time my husband and I have invested in anything other than mutual funds or retirement plans. So please help the newbies! Thanks.
So, out of curiousity, can you pick a mutual fund that has certain types of stocks in it?
Sara
Comments on What’s the best website to use for investing in stocks?
Rafael
etrade
Terry
Any stock trading website will charge you fees for each purchase or sale of shares, so they will all eat up any profit if you do a lot of trading and do not have much money to invest. If I were you, I woudl stick with index mutual funds. On you can invest in those without paying any fees whatsoever.
Kamari
Online brokers like thinkorswim.com & spectrumlive.com will let you open a practice account [known as a paper money or demo account] - so you can open one of these trade as for real, but with play money.
They also have some great educational tools.
You can subscribe to a great free newsletter here that will help you learn about why markets & stocks move in price & what drives that.
Have a look at the recommended reading section for some books that will help you with trading.
There are a multitude of Mutual Funds - MorningStar.com is great place to start.
You could also look at ETF’s - Exchange Traded Funds - which have a much lowe entry & exit fees - these allow you to diversify your investments without having to purchase individual stocks.