- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
How does someone start with buying stock?
Posted on 4/7/25 at 9:30 am
Posted on 4/7/25 at 9:30 am
What would be a good online stock broker to go with? I don’t know much about it, I have a company 401k and that’s it. However I do have money some money to invest and don’t know where to start.
16
Posted on 4/7/25 at 9:34 am to SelaTiger
Fidelity is my favorite
Posted on 4/7/25 at 9:35 am to SelaTiger
today? invest in a high yield savings account
Posted on 4/7/25 at 9:36 am to SelaTiger
Vanguard is good
Posted on 4/7/25 at 9:37 am to SelaTiger
Google "open a brokerage account"
Choose one.
Provide requested information.
Deposit money.
Buy stock.
Other: download robinhood from the app store on your phone for quickness and ease of use.
Choose one.
Provide requested information.
Deposit money.
Buy stock.
Other: download robinhood from the app store on your phone for quickness and ease of use.
Posted on 4/7/25 at 9:38 am to SelaTiger
Robinhood is said to be good for beginners. Personally, I like Schwab.
Posted on 4/7/25 at 9:42 am to CSinLC
quote:I like and have both.
Robinhood is said to be good for beginners. Personally, I like Schwab.
Posted on 4/7/25 at 9:43 am to SelaTiger
I have Schwab and Etrade. Etrade also pays around 4.25 on their savings account.
One thing I like about Etrade is that I can see the names of each individual investor that rates the stock. If I read that Bank of America just started covering stock XYZ with a buy rating and a price target, that doesn't mean much to me. But when I see that it's Joe Blow at BoA, then I can go on TipRanks and see if Joe Blow is ranked #10 or #9,000 out of 9,386 analysts and his success rate is with that stock and others. That tells me something. Then I can also see what else he likes.
One thing I like about Etrade is that I can see the names of each individual investor that rates the stock. If I read that Bank of America just started covering stock XYZ with a buy rating and a price target, that doesn't mean much to me. But when I see that it's Joe Blow at BoA, then I can go on TipRanks and see if Joe Blow is ranked #10 or #9,000 out of 9,386 analysts and his success rate is with that stock and others. That tells me something. Then I can also see what else he likes.
This post was edited on 4/7/25 at 9:51 am
Posted on 4/7/25 at 9:43 am to SelaTiger
Fidelity, Schwab, Vanguard or Robinhood (for the 3% IRA bonus).
If eligible for Roth IRA I would start there unless you need access to the growth before retirement age (you can always pull out Roth IRA contributions w no additional tax or penalty)
I wouldnt buy individual stocks (especially as a beginner.) You will just be guessing/speculating and unlikely to beat the pros. I'd simply buy a index mutual fund or ETF that tracks the S&P 500 (VOO for example) or total market (VTI for example). Look for something w a low expense ratio and no load.
If eligible for Roth IRA I would start there unless you need access to the growth before retirement age (you can always pull out Roth IRA contributions w no additional tax or penalty)
I wouldnt buy individual stocks (especially as a beginner.) You will just be guessing/speculating and unlikely to beat the pros. I'd simply buy a index mutual fund or ETF that tracks the S&P 500 (VOO for example) or total market (VTI for example). Look for something w a low expense ratio and no load.
This post was edited on 4/7/25 at 9:45 am
Posted on 4/7/25 at 10:07 am to SelaTiger
Robin Hood gets a lot of hate from the pros, but its the simplest way to get started.
Posted on 4/7/25 at 10:22 am to anc
I like Robinhood for the IRA bonus but their app is a mess. Just not intuitive to me. Maybe I'm just old but I prefer my other brokerage's app. Vanguard on otherhand is too basic.
This post was edited on 4/7/25 at 10:23 am
Posted on 4/7/25 at 10:38 am to TorchtheFlyingTiger
I guess what I am saying is its the simplest to start investing. The app is not difficult, the funding is quick and easy. It is not the best, but if you just wanted to "get started buying stock" as the OP states, it might be the best option.
Posted on 4/7/25 at 10:40 am to SelaTiger
I primarily use etrade and Merrill Lynch for buying individual stocks and options.
Posted on 4/7/25 at 10:41 am to SelaTiger
Use your 401K , it will diversify your risk for you
Posted on 4/7/25 at 11:54 am to The Torch
quote:
Use your 401K , it will diversify your risk for you
What?! Your investment choices determine diversification. You can diversify in a brokerage of your choice (more selection) better than in 401k which may or may not offer the funds/asset classes you want. Target date funds and robo advisor for set and forget diversification/reallocation are readily available outside 401k. Besides,. If OP is already using traditional 401k a taxable brokerage or Roth IRA may provide tax diversification.
Posted on 4/7/25 at 12:51 pm to BamaGradinTn
quote:
I have Schwab and Etrade.
same
Posted on 4/7/25 at 12:51 pm to SelaTiger
read the help thread stickied at the top.
Posted on 4/7/25 at 1:14 pm to SelaTiger
quote:
Robinhood is said to be good for beginners. Personally, I like Schwab.
I am new to investing.
I got scwabb and I love it.
The scwabb has lots of videos for beginners.
The scwabb network also gives you easy to follow asset investment picks.
Posted on 4/7/25 at 1:51 pm to SelaTiger
I have been w/ E-Trade 10 yrs or so...on margin.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News