Anyone know whats the best online site to buy and sell stocks for short term?
free ones?
Buying stocks.
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kimaster
- piglet
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kimaster - I highly recommend that if you are looking at only short-term that you put your money into CD's or better yet a money market account.
If you want to invest do so as Warren Buffet does. I'm not saying buy what he buys, just use the attitude he does towards investing. Do not own a stock for 10 minutes unless you also would own it for 10 years.
Do your own due diligence and research the company and you'll do fine in the long run.
Phil Town has an excellent book out and I bought it over the Christmas break and I was surprised that much of what I have always done is what he recommends and what Warren has always done. His book is called Rule #1. He doesn't hawk anything. But what he does show is how you can evaluate companies on your own rather than let others do it for you.
Then "paper trade" for awhile. Once you know how to evaluate companies, make an imaginary "buy" of a company for , lets say $1000 worth of stock. Then watch it over the next 6 months to 1 year as you evaluate more companies and do the same. Once you are comfortable with being able to evaluate companies that will get you at least a 15% return then you should actually put your own "skin in the game" and plunk down your hard-earned cash.
Believe me, its well worth it in the long run.
This is my $0.02. You can take my advice or not.
If you want to invest do so as Warren Buffet does. I'm not saying buy what he buys, just use the attitude he does towards investing. Do not own a stock for 10 minutes unless you also would own it for 10 years.
Do your own due diligence and research the company and you'll do fine in the long run.
Phil Town has an excellent book out and I bought it over the Christmas break and I was surprised that much of what I have always done is what he recommends and what Warren has always done. His book is called Rule #1. He doesn't hawk anything. But what he does show is how you can evaluate companies on your own rather than let others do it for you.
Then "paper trade" for awhile. Once you know how to evaluate companies, make an imaginary "buy" of a company for , lets say $1000 worth of stock. Then watch it over the next 6 months to 1 year as you evaluate more companies and do the same. Once you are comfortable with being able to evaluate companies that will get you at least a 15% return then you should actually put your own "skin in the game" and plunk down your hard-earned cash.
Believe me, its well worth it in the long run.
This is my $0.02. You can take my advice or not.
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KazooSkinsFan
- kazoo
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Re: Buying stocks.
kimaster wrote:Anyone know whats the best online site to buy and sell stocks for short term?
free ones?
Thaipoon gives good advice on what to think about, but to answer your literal question,
Brown & Co has dirt cheap commissions $5, but a so-so site. I use
Scottrade, only slightly more expensive at $7 but far easier to use, I'm not a day trader but buy and hold so the $2 is not much to me.
Bank of America I believe has free trades, but you have to hold a bunch of cash to get them free.
TD Waterhouse is a little more expensive, but still pretty cheap, if you want more research. Personally, I think researching stocks is excellent for institutions and bunk for individual investors since prices are already set by those with far more information then we can get while staying out of jail for insider trading.
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Chris Luva Luva
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thaiphoon wrote:kimaster - I highly recommend that if you are looking at only short-term that you put your money into CD's or better yet a money market account.
If you want to invest do so as Warren Buffet does. I'm not saying buy what he buys, just use the attitude he does towards investing. Do not own a stock for 10 minutes unless you also would own it for 10 years.
Do your own due diligence and research the company and you'll do fine in the long run.
Phil Town has an excellent book out and I bought it over the Christmas break and I was surprised that much of what I have always done is what he recommends and what Warren has always done. His book is called Rule #1. He doesn't hawk anything. But what he does show is how you can evaluate companies on your own rather than let others do it for you.
Then "paper trade" for awhile. Once you know how to evaluate companies, make an imaginary "buy" of a company for , lets say $1000 worth of stock. Then watch it over the next 6 months to 1 year as you evaluate more companies and do the same. Once you are comfortable with being able to evaluate companies that will get you at least a 15% return then you should actually put your own "skin in the game" and plunk down your hard-earned cash.
Believe me, its well worth it in the long run.
This is my $0.02. You can take my advice or not.
Would this book help those who know nothing about stocks and what to get into it?
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Chris Luva Luva
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KazooSkinsFan
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- Location: Kazmania
I thought you wanted the site to trade, I see from the discussion it's about philosophy. I don't have a book to recommend, but here are some basics.
- Invest long term money, not short term
- Be a buy and hold investor
- Diversify
- Ignore books that say how to beat the market, they are making money by selling you books, not beating the market
- Focus on expenses
- Learn about taxes, they have a major impact on your returns
You may want to consider low cost mutual funds and not just stocks.
Good luck
- Invest long term money, not short term
- Be a buy and hold investor
- Diversify
- Ignore books that say how to beat the market, they are making money by selling you books, not beating the market
- Focus on expenses
- Learn about taxes, they have a major impact on your returns
You may want to consider low cost mutual funds and not just stocks.
Good luck
Hail to the Redskins!
Groucho: Man does not control his own fate. The women in his life do that for him
Twain: A man who carries a cat by the tail learns something he can learn in no other way
Groucho: Man does not control his own fate. The women in his life do that for him
Twain: A man who carries a cat by the tail learns something he can learn in no other way
www.zecco.com is a free stock trading company brought to you by the guys who created skype, they make their money on options and margin trades, and they do zero advertising, I haven't used them but can't beat free.