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Online investing #323818 05/21/02 01:28 AM
Joined: Apr 2001 Posts: 1,847 Rantoul, IL, 61866 S Sandman333 OP Member
OP Sandman333 Member S Joined: Apr 2001 Posts: 1,847 Rantoul, IL, 61866	Anyone do this? You know, ETrade, Datek, Suretrade, etc....? What broker do you use and why? I'm interested in investing in Mutual Funds (growth mostly, since I have many years until retirement). I already have other retirment accounts, including a Deferred Compensation (section 457) account. I don't put much into it (about $100 - $120 twice a month over the last 5 years or so), but it's sitting as just over $15,000 right now. What I need is the ability to open an online accout with minimal balance and make contributions either on a regular basis (small), or whenever I feel like it (bit larger). I found this at ETrade, and it looks rather promising. Recommendations? "When I take action, I'm not going to fire a $2 million missile at a $10 empty tent and hit a camel in the butt. It's going to be decisive." - President George W. Bush 95 Contour SE ATX V6 "Cracked" Secondaries DMD Installed SVT Brakes

Re: Online investing #323819 05/21/02 03:39 AM
Joined: Sep 2000 Posts: 182 Slidell, LA C cpurser Member
cpurser Member C Joined: Sep 2000 Posts: 182 Slidell, LA	Suretrade was bought out by Quick&Reilly. Now they charge me almost $20/trade. Needless to say I haven't traded since they took over. Although I haven't opened an account with them, ShareBuilder looks interesting. They charge $4/trade or $12/month for unlimited trades, but they only make your trade during a certain time period during the day. They really push long term investing. No minimum balance to open. Datek has $9.99/trades. I have recently looked at them, and they seem pretty good. They have several neat tools. No minimum balance to open. Chad Purser '98 Silver SVT Mostly Stock

Re: Online investing #323820 05/21/02 05:26 AM
Joined: Jun 2001 Posts: 93 Dearborn MI or Kalamazoo D drewdogg00 Member
drewdogg00 Member D Joined: Jun 2001 Posts: 93 Dearborn MI or Kalamazoo	I use sharebuilder on a monthly deduction basis. I love it. You can beat the price, and there is no minimums whatsoever. 95SE ATX Champagne Mods: Levoc Chrome ATX shifter JPett's custom leather ATX shift boot

Re: Online investing #323821 05/21/02 01:40 PM
Joined: May 2001 Posts: 956 CT B BBorges Moderator
BBorges Moderator B Joined: May 2001 Posts: 956 CT	I just opened my account at Scottrader.com They charge $7 for internet trades with a minimum of $500 deposit... CT - USA * 96 Contour Gl 2.0 5 Speed Manual / Clarion CD Change 8" Subwoofer & Sony Amp (LOUD !!) The Cleanest !!! * 92 Mazda Protege 5 Speed Manual / 1.8 * 94 Yamaha Virago 535 (better than Viagra !!)

Re: Online investing #323822 05/21/02 01:49 PM
Joined: Apr 2001 Posts: 1,367 Jerzee S SVTour98 Member
SVTour98 Member S Joined: Apr 2001 Posts: 1,367 Jerzee	cheapest isn't always the best. you should sign up with free accounts for the ones you're considering and 'test drive' them to see if you like the layout. i didn't like datek's layout at all, so it didn't justify me saving $10 per trade. i don't day trade (anymore) so $10 more per trade is no big deal to me. datek has improved a bit however, since i last used it. so you may want to give it a try, otherwise i like etrade a lot. also consider if you want a company that has good research, a lot of these $4.99/trade companies have no research at all. they're just trading firms. the best seems to be schwabb (brother has this, but pays some ridiculous rate for trading). etrade has pretty good research as well. just a few things to consider. -Dan 1998.5 SVT "Black and Blue" #5292 See here for MOD list. "Washing your car to make it rain does not work."

Re: Online investing #323823 05/21/02 08:32 PM
Joined: Apr 2001 Posts: 1,847 Rantoul, IL, 61866 S Sandman333 OP Member
OP Sandman333 Member S Joined: Apr 2001 Posts: 1,847 Rantoul, IL, 61866	Thanks for all the input. What about that link above, does that look like a good MF? "When I take action, I'm not going to fire a $2 million missile at a $10 empty tent and hit a camel in the butt. It's going to be decisive." - President George W. Bush 95 Contour SE ATX V6 "Cracked" Secondaries DMD Installed SVT Brakes

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