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Started By
Message
Looking for an beginner app/ platform for small investments, etc.
Posted on 1/16/18 at 7:21 am
Posted on 1/16/18 at 7:21 am
I'm looking to just get my feet wet with some small stock purchases and mostly long term investing.
I'm thinking of starting with 500 or 1000 dollars.
I have some stretches of downtown in my day and I enjoy researching and reading, so I figured this could be a good way to do something productive. I'm not planning on being a millionaire from it.
Any suggestions?
I'm thinking of starting with 500 or 1000 dollars.
I have some stretches of downtown in my day and I enjoy researching and reading, so I figured this could be a good way to do something productive. I'm not planning on being a millionaire from it.
Any suggestions?
This post was edited on 1/22/18 at 11:22 am
2
Posted on 1/16/18 at 7:24 am to Breesus
Robinhood
Posted on 1/16/18 at 7:38 am to OneMoreTime
quote:
Robinhood
Gross but at least it has free trades I guess
This post was edited on 1/16/18 at 7:39 am
Posted on 1/16/18 at 7:40 am to stout
I'm not worried about every trade being free or the app being free.
I want a good quality app that's enjoyable and efficient to use.
I want a good quality app that's enjoyable and efficient to use.
Posted on 1/16/18 at 7:50 am to Breesus
I'm just being stubborn because I have always used TD Ameritrade and ETrade.
I know a lot of people use Robinhood so they may be OK but I like the research tools of TD Ameritrade a lot. Robinhood doesn't even have a desktop application yet if you ever wanted to get more involved. I think they are working on one, though not sure when it will be out. They are free but IIRC the paid option they recently announced will have more tools than the free trade accounts.
Also, and this probably won't matter to you until you get more experience, but I don't think Robinhood offers options trading yet.
TD Ameritrade and E Trade are $6.95 per trade but on ETrade they add a .25 cent fee per contract if you trade options.
In the end, it's all personal preference, and there are a lot of options. Ally, Fidelity, etc but I'm not sure I would choose something that appears as watered down as Robinhood currently is.
Do some research and see what fits you, though.
I know a lot of people use Robinhood so they may be OK but I like the research tools of TD Ameritrade a lot. Robinhood doesn't even have a desktop application yet if you ever wanted to get more involved. I think they are working on one, though not sure when it will be out. They are free but IIRC the paid option they recently announced will have more tools than the free trade accounts.
Also, and this probably won't matter to you until you get more experience, but I don't think Robinhood offers options trading yet.
TD Ameritrade and E Trade are $6.95 per trade but on ETrade they add a .25 cent fee per contract if you trade options.
In the end, it's all personal preference, and there are a lot of options. Ally, Fidelity, etc but I'm not sure I would choose something that appears as watered down as Robinhood currently is.
Do some research and see what fits you, though.
Posted on 1/16/18 at 7:56 am to stout
quote:
I like the research tools of TD Ameritrade a lot. Robinhood doesn't even have a desktop application yet if you ever wanted to get more involved.
Yeah I'd definitely like to eventually get more involved. So something like this suits me I'd think.
What about an app just for fricking around with active trading penny stocks just for fun?
quote:
Do some research and see what fits you, though
I have. Just wanted to get this board's opinion.
I've read etrade is the what for beginners, but the more experience or advanced you get the less worth it is.
TD Ameritrade is apparently the best all around.
This post was edited on 1/16/18 at 7:58 am
Posted on 1/16/18 at 7:58 am to OneMoreTime
Agree with Robinhood as well.
Posted on 1/16/18 at 8:01 am to Breesus
quote:
What about an app just for fricking around with active trading penny stocks just for fun?
Then do Robinhood so the commissions don't kill you.
quote:
TD Ameritrade is apparently the best all around.
I think so. Nothing says you can't have a TDA account for research and do your actual trading on Robinhood.
Posted on 1/16/18 at 8:58 am to Breesus
Ustocktrade has $1 fees and unlimited day trades. Robinhood has no fees but you are limited to 3 day trades per week if your account is under 25k
Posted on 1/16/18 at 9:07 am to dawg4lyfe
quote:
Ustocktrade has $1 fees and unlimited day trades.
Interesting
Posted on 1/16/18 at 10:21 am to Breesus
The problem with UST is there can be Limited Liquity sometimes. And the app isn't top notch. But if you are day trading with a small account, you can't beat it with the 1$ trades
Posted on 1/17/18 at 7:04 am to dawg4lyfe
Anyone else have experience with UST?
Posted on 1/18/18 at 8:12 am to stout
quote:
Nothing says you can't have a TDA account for research and do your actual trading on Robinhood.
Can I buy and sell on both?
Posted on 1/18/18 at 8:13 am to Breesus
Yes
As long as you have money in both obviously
As long as you have money in both obviously
This post was edited on 1/18/18 at 8:14 am
Posted on 1/18/18 at 8:15 am to stout
quote:
Yes
Wish me luck. I look forward to partying with Wiki after I hit a few solid relatively unknown investments
quote:
As long as you have money in both obviously
well yeah. I'm not that dumb mThis post was edited on 1/18/18 at 8:17 am
Posted on 1/18/18 at 8:22 am to Breesus
Pro tip: Only buy stocks that go up. You're welcome!
Posted on 1/18/18 at 8:31 am to stout
Lol.
I see a shite load of negative reviews about the TD Ameritrade app basically wing unusable on newer smart phones.
Have you noticed a problem?
I see a shite load of negative reviews about the TD Ameritrade app basically wing unusable on newer smart phones.
Have you noticed a problem?
Posted on 1/18/18 at 8:35 am to Breesus
I haven't had an issue with it and I have a Note 8 or whatever the newest one is.
Posted on 1/18/18 at 8:41 am to stout
quote:
have a Note 8
So do. I suppose that solves that.
Posted on 1/18/18 at 8:54 am to Breesus
Robinhood is the only option now. It’s improved drastically over the two years I’ve been using it.
It’s a great place to learn with $500
Check out r/robinhood on reddit
It’s a great place to learn with $500
Check out r/robinhood on reddit
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