Stock Markets Exposed
Affordable online investing for small investor?
Are there any ways I can invest in individual stocks without paying huge fees? I'd like to set up an account where I put maybe $50-$100 a month into it, and have some choice regarding what stocks these funds are invested in. I've looked at sites like etrade, scottrade, and sharbuilder, but when they're talking about $7 trades, or $12 monthly fees, that takes a BIG chunk out of my money. If I'm starting out by giving up 10% of my investment off the top, it hardly seems worth it. Actually, DRIP stands for Dividend Re-Investment Plan, but your posting did give me some direction. Thanks.
Public Comments
- You could try opening a personal 401K account. Typically these invest in a large variety of diversified stocks and will do better than individual ones. Check with your bank to see if they have something like that available.
- You can actually buy stocks without a broker-go to www.directinvesting.com ... the acronym for these kinds of programs is DRIP ( direct investing plan)!!!
- May I make a suggestion that I believe is perfect for your situation. Go to : low-cost-stock-recommendations .com Click on the "DRIP's " Button on the Navigation Bar. These DRIP Plans are not well-known by most investors, but they are very powerful. If you decide you are interested in them, click on the "ING" advertisement on the same page, as it will answer your question about how to get started. ING is a very inexpensive way to make use of DRIP Plans. Don't pay a broker $12 per purchase, there is no need to do this. Good Luck
- "There ain't no free lunch" No one ever gives any one anything for nothing. When you work, do you do it for free? Of course not. You want to be paid.. When any financial person works, he/she wants to be paid too - in some way. There are brokers on the Internet which charge $1 per trade - that's $2 per round trip. You need to do a little investigation and use a little time to do the work. AND YOU MUST PROPERLY set-up the account. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name!
- Maybe I can make a suggestion that has not already been made. T Rowe Price has a plan where you can put money into any of their mutual funds for $50 a month by direct automatic transfer from your bank account. Easy and painless. No fees. All you have to do is to decide which of the 100 choices you wish to invest in. Here is the link. I like the Capital Appreciation Fund myself. http://mutualfunds.troweprice.com/?rfpgid=10875&scn=Mutual_Fund_I_Want_to&origins=prospect
