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top websites to purchase a stock?
I would like to purchase a small amount of stock. You know, try it out. I guess that means I'll sell it sometime in the future as well. Please mention several reputable websites that can allow me to buy some stock. What can I expect to pay? For example, let's say 5 shares of Ford Motor Co., 5 shares of Kelloggs.( Assume they are selling at 100 per share to keep it simple) . And what would I have to give up to sell them at some point.
5 Answers
- kswck2Lv 73 years ago
The big brokerage house are fine, like E Trade, Merrill, Price Waterhouse, etc. BUT, you will pay a commission for Each buy or sell. You might look into CapitalOne, they bought out ShareBuilder a few years ago; it allowed the purchase of stocks for as little as $4.
- SteveLv 63 years ago
Check out this website Ive linked at the bottom. That may help your decision. You pay a fee each time you buy and each time you sell, so Id make them each as economical as possible. You pay the same fee no matter how many shares you are buying/selling per transaction. You also pay a fee when you need to deposit money away from your trading account and into your own bank account so that you can use it. That fee is $25 where I trade.
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- A nobodyLv 73 years ago
To buy (sell) stock) you must use the services of a broker/dealer, and all major brokerage firms and mutual fund companies provide their clients with on-line services, including trading platforms, latest market & financial news and research.
It seems that the most popular firms for on-line investing/trading all of which provide excellent platforms and services are; Scottrade; Chas.Schwab; TDAmeritrade; Fidelity; E-Trade, and Edward Jones.
Fees and charges vary between firms, you should visit several brokerage firms' websites to see what site fits you needs and you feel comfortable with. While visiting the sites you should see the minimum amount a firm will require and what fees and/or charges that will charge for each trade. If you don't understand what your seeing on the website you can call the firm's customer service department.
Good luck
Source(s): from The Street
