Stock Markets Exposed
Best stock trading site to use with a starting balance of around 20k?
I will probably only make a few trades per year. l might not make any trades for a long time after I buy my initial stocks. I like the buy and hold stategy. Also I would like to earn interest on my account while it is not invested.
Public Comments
- In the past I would have said Etrade, or Scotttrade. That's how I started 10 years ago. But with the recent subrpime mess I would go with Schwab. Etrade is probably going bust anyway. Schwab can also help you about picking stocks, options, funds or bonds. If you do well Schwab is a good brokerage to be with. Once you reach $1M go with Merrill Lynch or BearStearn....
