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Etrade or stock broker?

Discussion in 'Assets and Investment' started by MohtasaUnique, Aug 10, 2012.

  1. MohtasaUnique

    MohtasaUnique Grand Master
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    Etrade or stock broker?

    Does anyone have any experience in buying stocks? I just want to know if I should consult a stock broker for my first time investing, or try my hand at figuring it out on my own with the help of e-trade?
     
  2. Synful

    Synful Dragon Slayer
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    Etrade or stock broker?

    May I ask how much your looking to spend?

    If I wear you and I no that my uncle and aunt did this they risked 10% of what they were going to use experimenting with all kinds of stocks.

    so depending on how much your looking to spend I would definitely consult a stock broker for large amounts.
     
  3. MohtasaUnique

    MohtasaUnique Grand Master
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    Etrade or stock broker?

    $500 tops, which isn't much I know, but I either want a popular stock (apple or something) or a shitton of stocks from a smaller company like seagate or nvidia
     
  4. taylor1234

    taylor1234 Guru
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    Etrade or stock broker?

    for $500 there is no point at all in using a broker as you would lose money. Also your return would be next to nothing buying a popular stock as you would only be able to afford a very small ammount of shares. Your best bet would be buying ETF's
     
  5. Ginger.James

    Ginger.James Member
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    Etrade or stock broker?

    Might sound completely out of my depth here but have you considered Binary trading?

    Someone posted a thread about it, it's potentially a good return if you invest correctly.
     
  6. Viou

    Viou Sythe's #1 Runescape Gold BUYER!
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    Etrade or stock broker?

    Fee free etfs
     
  7. MohtasaUnique

    MohtasaUnique Grand Master
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    Etrade or stock broker?

    ^whats that
     
  8. Rsaccounttrader

    Rsaccounttrader Sythe Grandmaster
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    Etrade or stock broker?

    Exchange Traded Funds (ETFs) are composites of stocks that mimick indices or parts of the market. For example, SPY, is the ETF that follows (performs according to) the S&P 500. Some ETFs follow specific markets, i.e. financials, and some are also leveraged, meaning they will do double as well as their index when they go up but go down double when they go down.
    Trading from home is pretty hard to do, especially without a broker. However, buying into an assortment of blue chip stocks or ETFs is probably your best bet; a broker's fees will simply kill you when you only have $500. If youre thinking longterm I'd go for SPY personally (altho i think it's overvalied short term now), as markets will move up overtime as long as you are confidant in the US remaining the leading financial power.
     
  9. Optize

    Optize Cashed
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    Etrade or stock broker?

    I use eTrade personally. Works great and has good customer support. Stock brokers are good depending on the one you have.
     
  10. Jedi Mind Tricked

    Jedi Mind Tricked Active Member

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    Etrade or stock broker?

    Get more starting money, consult a stock broker and then go from there. Short-term spend for long-term gain.
     
  11. Zack45

    Zack45 Newcomer

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    Etrade or stock broker?

    I am finally getting my act together to start some investing in J-stocks. Just wondering if anyone has suggestions about various online stock brokers.
    I am tending towards Boom Securities at the moment - they offer multi market access and an all english site.E-trade seems popular here - and someone mentioned HSBC as another alternative. I'm sure there are others.....
     
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