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<blockquote data-quote="kingOFchester" data-source="post: 1197679" data-attributes="member: 11246"><p>IF NOTHING ELSE READ THIS BEFORE BUYING INDIVIDUAL STOCKS.</p><p></p><p>Time and time again I see new investors buying a couple hundred dollars of company X because they want to get into buying stocks. Do not buy stocks until you are able to buy 3k or more of just that company. If you bought $1,000.00 of company XYZ it will cost you a minimum of $7.00. It will then cost you a minimum of $7.00 to sell your shares of XYZ. So right out of the gate you would be down 1.4% between paying the 7 bucks to buy the shares and 7 bucks to sell the shares. Stupid to buy a stock and be down one and a half points. Seen people buy 75 dollars in a company. That means the stock would have to rise almost 19% for them to see a profit.</p></blockquote><p></p>
[QUOTE="kingOFchester, post: 1197679, member: 11246"] IF NOTHING ELSE READ THIS BEFORE BUYING INDIVIDUAL STOCKS. Time and time again I see new investors buying a couple hundred dollars of company X because they want to get into buying stocks. Do not buy stocks until you are able to buy 3k or more of just that company. If you bought $1,000.00 of company XYZ it will cost you a minimum of $7.00. It will then cost you a minimum of $7.00 to sell your shares of XYZ. So right out of the gate you would be down 1.4% between paying the 7 bucks to buy the shares and 7 bucks to sell the shares. Stupid to buy a stock and be down one and a half points. Seen people buy 75 dollars in a company. That means the stock would have to rise almost 19% for them to see a profit. [/QUOTE]
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