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What is the best way to start purchasing dividend stocks?
Posted on 7/22/17 at 8:58 am
Posted on 7/22/17 at 8:58 am
I currently have a company 401k, but want to start buying and holding dividend stocks. I want to take money each month and save it versus wasting it on something stupid. I read the stickied thread, but wanted to see if anyone has other ideas on what type of account to open.
5
Posted on 7/22/17 at 9:12 am to LSUSUPERSTAR
If you are insisting on buying individual stocks, you need to open a brokerage account.
Keep in mind that the choice of provider is mostly based on which mutual fund/ETFs you are most likely to want, as there are typically no commissions for buying those "in house"
One outside of the box suggestion is that if your capital inflows aren't enough to easily get diversification, look into capital ones share builder. Not only can you buy partial shares of stock, you can set up an investment plan which will autobuy a list of stocks at a predetermined ratio, which is a handy and uncommon feature.
ETA: now it is called capital one investing
Keep in mind that the choice of provider is mostly based on which mutual fund/ETFs you are most likely to want, as there are typically no commissions for buying those "in house"
One outside of the box suggestion is that if your capital inflows aren't enough to easily get diversification, look into capital ones share builder. Not only can you buy partial shares of stock, you can set up an investment plan which will autobuy a list of stocks at a predetermined ratio, which is a handy and uncommon feature.
ETA: now it is called capital one investing
This post was edited on 7/22/17 at 9:48 am
Posted on 7/22/17 at 1:15 pm to LSUSUPERSTAR
Open a Robinhood account with your phone.
Commission free trades
Commission free trades
Posted on 7/22/17 at 11:26 pm to LSUSUPERSTAR
TD Ameritrade charges $6.95 per trade, but $0 for reinvesting your dividends.
Posted on 7/25/17 at 8:41 am to LSUSUPERSTAR
I want to start purchasing some dividend stocks for my niece and nephew, is there any reasonable way to set them up an account without starting with $1000 plus?
I use etrade but I'm not sure if I can just add an account in someone else's name. I looked into just buying them shares but it is a rip off.
I use etrade but I'm not sure if I can just add an account in someone else's name. I looked into just buying them shares but it is a rip off.
Posted on 7/25/17 at 10:04 am to LSUSUPERSTAR
Who do you bank with? It's possible your bank has a brokerage division, and you may qualify for free trading.
Wells Fargo's brokerage platform is pretty bare bones, but I think with $50k combined balance you get free trades.
Bank of America's subsidiary is Merrill lynch, and the basic platform is Merrill edge, which I really like, and they have a threshold for free trades as well. I believe if you don't qualify for the free trades, it's only like $7/trade.
Chase sucks they only want you to invest in their funds.
Wells Fargo's brokerage platform is pretty bare bones, but I think with $50k combined balance you get free trades.
Bank of America's subsidiary is Merrill lynch, and the basic platform is Merrill edge, which I really like, and they have a threshold for free trades as well. I believe if you don't qualify for the free trades, it's only like $7/trade.
Chase sucks they only want you to invest in their funds.
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