Any stock traders out there?

  • mnfish
    Lake Elmo MN
    Posts: 1104
    #1928505

    Looking to maybe start dabbling in buying stocks. What’s the least expensive company to use to do that? I’ve heard Robin Hood might be good?

    Eelpoutguy
    Farmington, Outing
    Posts: 10638
    #1928514

    I put some money in an account for trading. It sat there for 6 months, I couldn’t pull the trigger on anything. I realized I was good at bending nails but no idea on “playing” the market.
    I figured putting the money back in savings making .000000000001 in interest was much safer. rotflol

    Smellson
    Posts: 328
    #1928515

    Do you currently have a retirement account with anyone? I’ve got IRAs with vanguard and current 401k with Fidelity. Both offer free stock and etf trades. I personally like to have my money in as few places as possible just to make keeping track of it easy. I’ve been using my vanguard account for my non retirement stock/etf purchases and it’s worked well….

    85lund
    Menomonie, WI
    Posts: 2317
    #1928535

    Maybe give Robinhood a try for a while to get used to watching the market and investing on small stocks. Reading on companies/stocks you are interested and filtering through all the bs out there is key. Then as mentioned above once you get a feel for things you can use Fidelity or the like if you choose as well. Good luck. If you want to give Robinhood a try pm me your email address and I’ll send you an invite. We will both get a free stock when u sign up.

    captddh
    Cannon Falls, MN
    Posts: 534
    #1928541

    I made a little money buying airline stock a week ago and then selling this week when the stimulous package buoyed the market. Watching to see if the stock goes back down. btw. I made airline reseravtions for our annual cabo fishing trip in January. Airfares dropped from $926 to $495. We picked the 3rd and 4th seats,…rest of plane empty. Scary. Certainly hope things are ok by then. We’ll all go crazy if not.

    Bass-n-Eyes
    Maplewood & Crane Lake, MN
    Posts: 235
    #1928573

    I think all the big name brokers offer free online trades now. I have Schwab & Fidelity and they both do. Back a few weeks ago when the market was really going berserk the Robinhood site crashed a few times and people were stuck not being able to get in and out of trades. The stock message board site I watch was filled with extremely irate Robinhood users.

    85lund
    Menomonie, WI
    Posts: 2317
    #1928577

    I think all the big name brokers offer free online trades now. I have Schwab & Fidelity and they both do. Back a few weeks ago when the market was really going berserk the Robinhood site crashed a few times and people were stuck not being able to get in and out of trades. The stock message board site I watch was filled with extremely irate Robinhood users.

    That was a bit of an inconvenience but I didn’t need to be dumping at that time anyway. In the end that forced me have a cooler head.

    Bass-n-Eyes
    Maplewood & Crane Lake, MN
    Posts: 235
    #1928582

    <div class=”d4p-bbt-quote-title”>Joe Clem wrote:</div>
    I think all the big name brokers offer free online trades now. I have Schwab & Fidelity and they both do. Back a few weeks ago when the market was really going berserk the Robinhood site crashed a few times and people were stuck not being able to get in and out of trades. The stock message board site I watch was filled with extremely irate Robinhood users.

    That was a bit of an inconvenience but I didn’t need to be dumping at that time anyway. In the end that forced me have a cooler head.

    It was the day traders that use Robinhood that were the most upset. I was following some of the Corona Virus related stocks that were going up and down several hundred percent in a day at the time some of them got killed or missed out on big paydays.

    85lund
    Menomonie, WI
    Posts: 2317
    #1928586

    <div class=”d4p-bbt-quote-title”>85lund wrote:</div>

    <div class=”d4p-bbt-quote-title”>Joe Clem wrote:</div>
    I think all the big name brokers offer free online trades now. I have Schwab & Fidelity and they both do. Back a few weeks ago when the market was really going berserk the Robinhood site crashed a few times and people were stuck not being able to get in and out of trades. The stock message board site I watch was filled with extremely irate Robinhood users.

    That was a bit of an inconvenience but I didn’t need to be dumping at that time anyway. In the end that forced me have a cooler head.

    It was the day traders that use Robinhood that were the most upset. I was following some of the Corona Virus related stocks that were going up and down several hundred percent in a day at the time some of them got killed or missed out on big paydays.

    You win… Robinhood sucks! Stay away applause

    bullcans
    Northfield MN
    Posts: 2012
    #1928647

    What about E Trade?
    Any pro’s or Con’s that somebody can share?

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