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Best site for new investor?
Posted on 12/29/17 at 10:19 am
Posted on 12/29/17 at 10:19 am
Never been one for buying a bunch of stocks but I'm going to start cutting down frivolous expenses and funneling the money into the market. I think back in the day we had etrade or the like?
What's the best site now to play around with a few thousand dollars here or there that won't get ate up in tons of fees?
What's the best site now to play around with a few thousand dollars here or there that won't get ate up in tons of fees?
5
Posted on 12/29/17 at 10:22 am to YoungManOldMan
I use Scottrade. Just find one with small flat fees
Posted on 12/29/17 at 10:38 am to YoungManOldMan
Robinhood. Commission-free trading. If you want to sign up send me a message and I can send you my referral code and we can both receive a free share of a random stock. If you hate the stock, you sell it for free and reinvest the proceeds into whatever you want.
Below is a link to some info on Robinhood. Disclaimer: It is app-only now but they have said they will have a desktop version out in early 2018. I find the app very user-friendly.
LINK /
Below is a link to some info on Robinhood. Disclaimer: It is app-only now but they have said they will have a desktop version out in early 2018. I find the app very user-friendly.
LINK /
Posted on 12/29/17 at 10:38 am to YoungManOldMan
Scottrade is only $7 per trade
Posted on 12/29/17 at 10:44 am to YoungManOldMan
Posted on 12/29/17 at 12:48 pm to BreakingTheBank
quote:
Robinhood. Commission-free trading
And that's all they offer. They don't have anything worth a crap for research or market tools.
Posted on 12/29/17 at 11:07 pm to YoungManOldMan
I also use Scottrade - they are just a few miles from my house and it's great to talk to someone who knows you if you have a problem.
500 locations in the U.S.
500 locations in the U.S.
Posted on 12/30/17 at 9:28 am to stout
I do my research on E*Trade and then buy on Robinhood. Best of both worlds, right?
Only takes an extra 30 seconds to enter the trade on a different platform.
Only takes an extra 30 seconds to enter the trade on a different platform.
Posted on 12/30/17 at 11:20 am to matthew25
Scottrade is now owned by TD Ameritrade. I think I heard on CNBC that they'll be fully integrating Scottrade over the first half of 2018. Hopefully they'll keep the former Scottrade locations open for the people who have been using them. I assume this move will link Scottrade clients to ThinkorSwim (very good platform for more active traders). Plus, the customer service at TD Ameritade is good (I assume it's the same at Scottrade).
If he's just talking about "playing", then Robinhood is probably good (and cheap) enough. He could get free research from a variety of sources and trade timing probably won't be a big deal for him. If he gets serious, I'd recommend Interactive Brokers.
If he's just talking about "playing", then Robinhood is probably good (and cheap) enough. He could get free research from a variety of sources and trade timing probably won't be a big deal for him. If he gets serious, I'd recommend Interactive Brokers.
Posted on 12/30/17 at 11:34 am to BreakingTheBank
I do the same but with Charles Schwab, which I use for my Roth IRA. Also just read articles on seeking alpha.
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