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Anyone use Etrade or Scottrade?
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<blockquote data-quote="Benben" data-source="post: 1102836" data-attributes="member: 25133"><p>Check out Seeking Alpha. Many, many articles on whatever type of investing that may interest you. The subscription for prime members is expensive. With it you get the information a day before the rest of us. I use the free service and get the articles in the areas that interest me a day later sent to my email. I figure if 1 day makes or breaks me I have no bussiness being in that trade. I personaly think I have learned more about stocks/bonds/options/futures from SA than any book I have read or show I have watched. Google Fiance and Yahoo Finance gives some great info. Use them in tandum with SA and whichever Brokerage account you set up. </p><p></p><p>I have a <u><strong>Merrill Edge Account</strong></u>simply because I use Bank of America. $6.95 per trade and no other fees. Easy and free for me to set up a $50 per week transfer from checking acount on Fridays. The stock screener is ok but I suspect the other sites have better. New service they have added is the "M<u>y Financial Picture</u>" in-which I was able to link our Prudential 401K account and the Wife's 401K Fidelity account so I can see all of our savings at one time. Only downside is the UPS DESPP service through Computershare won't link. </p><p></p><p>bmwmc will disagree with me tooth and nail for what I am about to say, he and I are just different types of investors, but Dividend investing is a pretty safe way to start. Not as sexy as hitting a 10 bagger but sure is alot safer. On SA you'll see a huge and growing community of DGI investors. Here is 2 things that I have learned the hard way starting out: 1) Forgein companies come with an added tax that will eat into any profit in a nasty way. 2) Date of record is 3 days after you do a trade. This will effect surprising things like specials and options to buy extra shares at a discount for "shareholders of record." </p><p></p><p>With $500, $6.95 to buy and $6.95 to sell will greatly effect your profits. For Merril Edge, the purchase cost ($6.95) will be figured into your % gain/loss for tracking purposses I do not know about the other sites but I'd think they would. Dividend payments are NOT tracked for each possition taken. If I am down 2% in a possition but received 10% in divi's Merril Edge will still list me as down 2%. Merril Edge gives free Divi reinvestment service if thats what I choose. I don't as I am still diversifying. I do not know if the other brokerage sites give this service for free. I like limit orders on both sides of the trade, <strong><em>I REALLY LIKE LIMIT ORDERS.</em></strong></p></blockquote><p></p>
[QUOTE="Benben, post: 1102836, member: 25133"] Check out Seeking Alpha. Many, many articles on whatever type of investing that may interest you. The subscription for prime members is expensive. With it you get the information a day before the rest of us. I use the free service and get the articles in the areas that interest me a day later sent to my email. I figure if 1 day makes or breaks me I have no bussiness being in that trade. I personaly think I have learned more about stocks/bonds/options/futures from SA than any book I have read or show I have watched. Google Fiance and Yahoo Finance gives some great info. Use them in tandum with SA and whichever Brokerage account you set up. I have a [U][B]Merrill Edge Account[/B][/U]simply because I use Bank of America. $6.95 per trade and no other fees. Easy and free for me to set up a $50 per week transfer from checking acount on Fridays. The stock screener is ok but I suspect the other sites have better. New service they have added is the "M[U]y Financial Picture[/U]" in-which I was able to link our Prudential 401K account and the Wife's 401K Fidelity account so I can see all of our savings at one time. Only downside is the UPS DESPP service through Computershare won't link. bmwmc will disagree with me tooth and nail for what I am about to say, he and I are just different types of investors, but Dividend investing is a pretty safe way to start. Not as sexy as hitting a 10 bagger but sure is alot safer. On SA you'll see a huge and growing community of DGI investors. Here is 2 things that I have learned the hard way starting out: 1) Forgein companies come with an added tax that will eat into any profit in a nasty way. 2) Date of record is 3 days after you do a trade. This will effect surprising things like specials and options to buy extra shares at a discount for "shareholders of record." With $500, $6.95 to buy and $6.95 to sell will greatly effect your profits. For Merril Edge, the purchase cost ($6.95) will be figured into your % gain/loss for tracking purposses I do not know about the other sites but I'd think they would. Dividend payments are NOT tracked for each possition taken. If I am down 2% in a possition but received 10% in divi's Merril Edge will still list me as down 2%. Merril Edge gives free Divi reinvestment service if thats what I choose. I don't as I am still diversifying. I do not know if the other brokerage sites give this service for free. I like limit orders on both sides of the trade, [B][I]I REALLY LIKE LIMIT ORDERS.[/I][/B] [/QUOTE]
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