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  1. #1
    Join Date
    Oct. 18, 2011
    Posts
    332

    Default buying stocks without a broker

    i want to buy/sell/trade stocks - but on my own - not through my financial broker - just want to try it on my own.

    when i read about being a "day trader" - scares me! not that i want to start with 1000's of dollars - but a bit of playing around and see what happens.

    so where would i start? any recommendations?

    thanks!



  2. #2
    Join Date
    Oct. 12, 2005
    Location
    Va
    Posts
    2,102

    Default

    There are many online companies you can use - Sharebuilder, Fidelity, Ameritrade and lots more. Setting up an account is easy. Day trading is risky - don't daytrade unless it's money you're willing to lose. Doing your own INVESTING is better. Concentrate on well known companies with good track records, that maintain good balance sheets. At this point in my life, I concentrate on primary blue chip stocks that pay decent dividends. Don't have a choice since cd and bond rates are so low you might as well keep your money under a mattress. There are a lot of financial publications available - read read read - research research research - until you're comfortable with where you want to invest your money. Then have fun and good luck.



  3. #3
    Join Date
    May. 12, 2000
    Location
    NE TN, USA
    Posts
    6,199

    Default

    Don't trade, invest. There is a difference!

    Online sites such as http://finance.yahoo.com/ can be a big help for gathering data. Select a stock, enter the symbol, and then browse through the various pages of information.

    For general trends, "Kiplinger Newsletter" is helpful, as are many of the so-called personal finance magazines. I have used "Kiplinger's Personal Finance" for decades, even way back when it was known as "Changing Times". An introductory subscription rate is under $15/year, well worth it for lots more than investing.


    Subscription services such as Value Line and Morningstar are relatively expensive, but worth it when you become serious about investing. You can "mine" their sites for useful "freebie" information.

    ETA: You also might want to read this before diving in: http://finance.yahoo.com/blogs/break...152606154.html
    Last edited by Frank B; Nov. 8, 2012 at 11:59 AM.
    “There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.”
    John Adams


    1 members found this post helpful.

  4. #4
    Join Date
    Oct. 18, 2011
    Posts
    332

    Default

    thanks! those recommendations will keep me busy for awhile!



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