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re: Buying stock long term
Posted on 6/24/14 at 1:52 pm to bayoubengals88
Posted on 6/24/14 at 1:52 pm to bayoubengals88
Makes me feel a little better, but still probably not my favorite approach. Hope it works out well for you though!
0
Posted on 6/24/14 at 4:54 pm to kennypowers816
I'm not saying that I want to invest my 401k in stocks. That is already taken care of, I'm in a target 2055 fund. I'm saying that because I'm with fidelity on the 401k, I opened an individual account under the same login name in which I have $1000 to play with. Can I trade those symbols through a normal fidelity trading account?
Posted on 6/24/14 at 5:08 pm to CrackingCodes
Oh I think I understand what you are saying. You already have your 401k with Fidelity so you opened a taxable account with Fidelity as well so that your accounts are linked.
More than likely, those funds are available from Fidelity. However, at least some of them probably have minimum investment amounts (most likely at least $1000). Also, Fidelity family funds are probably $0 commission with a Fidelity account. You may want to start there. Or look at ETFs since there will be no minimum.
More than likely, those funds are available from Fidelity. However, at least some of them probably have minimum investment amounts (most likely at least $1000). Also, Fidelity family funds are probably $0 commission with a Fidelity account. You may want to start there. Or look at ETFs since there will be no minimum.
Posted on 6/24/14 at 5:12 pm to kennypowers816
I just did some searches...$2500 min. I may have to save up some more before I dive in
Posted on 6/24/14 at 5:16 pm to CrackingCodes
XOM is my longest term/core holding that I have. After that I'd say Procter and Gamble next.
Posted on 6/24/14 at 7:10 pm to CrackingCodes
If you are insistent on investing in individual stocks, and don't want to research the companies... then yeah, solid blue chips would be your best option.
But I would advise against that. If you are going to invest in individual stocks, you need to learn and understand what you are investing in. If you are not willing / don't want to take the time to work on it, do yourself a favor and get an S&P 500 index fund.
But I would advise against that. If you are going to invest in individual stocks, you need to learn and understand what you are investing in. If you are not willing / don't want to take the time to work on it, do yourself a favor and get an S&P 500 index fund.
Posted on 6/24/14 at 7:34 pm to kennypowers816
quote:
Buying 2.5 shares at a time is going to kill you in commissions.
If he has a Fidelity account, he can buy an S&P 500 ETF (IVV) commission free as long as he keeps it for 30 days.
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