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Where can I buy stocks online?

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Old Oct 4, 2002 | 10:32 AM
  #1  
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Default Where can I buy stocks online?

What's up everyone? I really want to get into the stock market scene (uh... just want to see how it goes...) and I am looking for a good company that you can buy stock with online. I really don't want to pay for an account, so if you guys can recommend some websites that would be great Thanks!
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Old Oct 4, 2002 | 11:58 AM
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www.etrade.com

... not the cheapest, but they are reputable...

-- Aaron
($1000 opening balance I think...most will have a $500 or $1000 minimum I believe)
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Old Oct 4, 2002 | 01:37 PM
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I use datek (www.datek.com), but I think they just merged with ameritrade.
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Old Oct 4, 2002 | 03:41 PM
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Originally posted by MarkS2K
I use datek (www.datek.com), but I think they just merged with ameritrade.
I second the vote for Datek. They were the best ones around when I was trading (about 2 years ago).
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Old Oct 4, 2002 | 05:36 PM
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Depends on how much money you have, I think virtually all online broker charges a nominal maintenance fee. I said depending on how much you have because beyond a certain amount (with Datek, it's $5000) the fee is waived. I think Datek also waives the fee if you trade frequently enough. I don't believe in frequent trading so I can't give you the details on that. I'd suggest researching a few brokers online to see what the details are.
Here's a good place to start:
http://www.fool.com/dbc/tables/compare.htm?ref=git

Also if you don't have too much to start of with, you might want to look into divident reinvestment plans (DRIPs). You basically invest in a company by buying directly from them. Commissions are minimal (if they even exist), and you can buy fractions of shares. As the name implies, the dividends are automatically reinvested (i.e., used to buy more shares).

The Motley Fool (www.fool.com) is a very good source of information on investing, IMO. And here's a good article to start with:
http://www.fool.com/dbc/features/feature1....1.htm?ref=start
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Old Oct 4, 2002 | 09:17 PM
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Originally posted by PeaceLove&S2K
Depends on how much money you have, I think virtually all online broker charges a nominal maintenance fee. I said depending on how much you have because beyond a certain amount (with Datek, it's $5000) the fee is waived. I think Datek also waives the fee if you trade frequently enough. I don't believe in frequent trading so I can't give you the details on that. I'd suggest researching a few brokers online to see what the details are.
Here's a good place to start:
http://www.fool.com/dbc/tables/compare.htm?ref=git

Also if you don't have too much to start of with, you might want to look into divident reinvestment plans (DRIPs). You basically invest in a company by buying directly from them. Commissions are minimal (if they even exist), and you can buy fractions of shares. As the name implies, the dividends are automatically reinvested (i.e., used to buy more shares).

The Motley Fool (www.fool.com) is a very good source of information on investing, IMO. And here's a good article to start with:
http://www.fool.com/dbc/features/feature1....1.htm?ref=start
Thank you
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Old Oct 5, 2002 | 12:31 PM
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If you don't want to spend too much:

www.oneshare.com

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Old Oct 5, 2002 | 12:53 PM
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Originally posted by pellisS2k
If you don't want to spend too much:

www.oneshare.com

That's actually an expensive way to buy shares in a company, considering most of the time you save a lot by letting your broker keep the stock certificate for you.

I've been thinking of getting something from them though, just as a nice novelty item to have.

Too bad they stopped selling HMC
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Old Oct 5, 2002 | 08:37 PM
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T/D Waterhouse.com - 15.00 a trade on Web broker and if consistent day trader drops to 9.95 .
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Old Oct 6, 2002 | 01:08 AM
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BTW, if you're into daytrading, you MUST try Medved Quotetracker.

http://www.quotetracker.com
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