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re: Newbie investing in individual stocks

Posted on 2/12/13 at 6:46 pm to
Posted by Maniac979
The Great State of Texas
Member since Jan 2012
1904 posts
Posted on 2/12/13 at 6:46 pm to
(no message)
This post was edited on 2/15/13 at 9:30 am
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3808 posts
Posted on 2/12/13 at 6:55 pm to
quote:

Stay out of individual stocks. Look at ETFs.


Good advice. I'm going this route, although I do have a fair amount of individual stocks. However, these are all long buy and hold type stocks for me, most with dividends. I have no intention to "day trade".

As for the online sites, they are very easy to use. It really comes down to features and cost depending on number of trades. Most are pretty similar. I personally use sharebuilder because it has $4 automatic trades (only on Tuesdays), no minimum, free dividend reinvestment, and instant transfers with Capital One.
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 2/13/13 at 3:44 pm to
quote:

Stay out of individual stocks


Why does the MB make blanket statements like this without first asking the OP what his/her goal is?

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