Do any of you purchase individual stock from E*Trade, TD Ameritrade, and the like? Which are the best to purchase from? I want a website with good customer service. Low rates are good, but I won't be constantly trading. I plan to hold onto my stock.
Purchasing low-commission stocks?
- Thread starter mretzloff
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I have used Etrade to buy a few stocks. I don't trade a lot so haven't looked for the cheapest service, Etrade seems reasonable and the trades seems to occur reliably and promptly. I believe that most services, including Etrade, levy a fee if the balance is less than a certain level and no trades occur in a given quarter - they do after all make most of their money off churners.
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According to their website, E*Trade does not charge a fee for low balances or account inactivity.
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Can you do it online or do you have to have a local credit union?
They must have dropped that - a good thing. I knew someone who got charged a couple of years ago.
I use Scottrade. They charge $7 per buy/sell. I know there are lower commision rates out there, but I don't do a lot of short-term trading. Scottrades customer service is great but I haven't used others to do a comparison.
DL
DL
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That's bad. At that point, you might as well just have a full service broker manage it for you,
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How long have you been a member, if I may ask?
A couple of years.
Prior to, I used a full service broker that charger $50 per trade.
DL
I am a member www.zecco.com kind of interesting concept with a online community
I've used TD Ameritrade for about 10 years without a single problem for trading both individual stocks and mutual funds. I'm not sure about what the other on line discount brokers offer, but Ameritrade's available research is very good.
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For mutual funds, do they sell their own or are they selling those of others?
Yup. My father is a broker and charges that. Not even his children can get it cheaper
Its cool that your father is a broker. I bet you get inside tips all the time.
DL
I don't think they have any of their own funds. There are numerous fund families such as American Century, Janus, Fidelity, Oppenheimer, to name a few as well as a ton of lesser known ones. Both load and no load.
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