On Line Stock Trading

[JanetRose]

Does anyone do this?

 

[Anewman]

I use scottrade, every trade is $7 regardless of the number of shares(as long as stock is over $4 in price, if not a very small additional charge is applied).

great research tools you can create an account without actually comitting any money.

 

[dizzy203]

I've used scottrade many times. It's very easy to use.

 

[clarabelle]

I use etrade -just because we have had them for a long time and we also do some banking with them.

We don't do a lot of buying and selling -just occasionally put some money into a mutual fund when we have some extra cash.
Now is supposed to be a good time to buy

Do you have any specific questions?

 

[DisneyBamaFan]

My advice:

If you are good enough at picking stocks to consistently make money at it, quit your job and go to work in that industry. It pays much better than your current job unless you are a professional athlete or a movie/music star.

If you are not, don't dabble. You will waste time on research that you could be spending developing your career so you can make more money doing what you love (I hope)...

 

[JanetRose]

someone i work with is buying stock in American International Group (AIG) which is selling very low now - he can afford to lose the money if it doesn't work out.

 

[Anewman]

someone i work with is buying stock in American International Group (AIG) which is selling very low now - he can afford to lose the money if it doesn't work out.

A lot of companies are selling near all time lows, many not as risky as AIG.

 

[redrosesix]

I'm not going to recommend a company, since I'm writing from Canada, but I trade online exclusively. In addition to being able to do my research while trading, I can also access my accounts by phone or on my blackberry -- this has made my life a lot more flexible (I've done trades while walking in the park with my daughter, waiting for lunch in a restaurant, waiting for flights...)

The degree of risk that you can tolerate should determine which stocks you pick, regardless of your trading method. Trading usually makes up a substantial percentage of my income, but the waters are a little rough now, even for me. Having said that, I like that online trading gives me more control over my accounts and I don't have to get in touch with a broker to put in a buy or sell order.