???? stock trading????

by David Jenyns on May 22, 2011

Question by ami: ???? stock trading????
I want to buy stocks…I am thinking of going with e*trade.

Has anyone on Y!A used these guys? If so, what are your opinions of them? Are they super expensive? Any suggestions?

Thanks!

Best answer:

Answer by trinityboi77
Unless you have alot of time to educate yourself to know what you are doing, please give this second thought. The market loves preying on little guys who go at it alone or without help. Consider the alternative of a low cost management fund, which is paying someone else to manage your portfolio. It’s not a do-it-yourself friendly business.

Know better? Leave your own answer in the comments!

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wildhorsejones May 22, 2011 at 12:00 pm

As long as they do not go broke

they are fine.

Barney May 22, 2011 at 12:42 pm

E-Trade has been around for many years and they enjoy a well earned reputation.

HOWEVER, before you open a brokerage account, you should educate yourself on what you doing, why you’re doing and where you are going to do it.

Don’t expect E-Trade or any other broker/dealer take the time to educate you in the market and the various processes.

jsmithlong May 22, 2011 at 1:32 pm

Before jumping into stock market, have 6 months of expenses put aside in a CD or savings account.
Then use Vanguard index funds to invest in stock market.

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