Investing advice...

[bjornolf]

Does anybody here do their own investing over the internet? What's the best way to go? Ameritrade? E*Trade? Scottrade? Some other one I'm not familiar with? I have a few thousand invested with a couple places (Merrill Lynch, Prudential, and Ameriprise) and I'm sick of all the fees and crap. I've had stock through ML for over 35 years, and now they're charging me for having too small an account. What a pile of crap. Anyway, I'd like to consolidate and avoid the fees. So, what do you guys think is the best way to go? Can I move a Roth IRA without a penalty from Ameriprise to one of these?

Thanks.

[CameronBornAndBred]

I invest on Sharebuilder, mostly for fun. I buy cheapie stocks (not penny stocks, those for the most part are unavailable for trading) that I think are just down but not out. I got lucky a couple weeks ago and made a few hundred bucks on one stock, and then reinvested those proceeds in a couple of banks. They took off like a rocket yesterday, and my $200 investment tripled in one day. I took Ozzie's advice and sold enough to equal my initial deposit, now whatever those 2 stocks do are free money. (They are down today, but after they skyrocketed yesterday, this is not a surprise..they are EUBK and MHBI)
I don't know much about the other online trading outfits..I've been with Sharebuilder almost 10 years now. Trades are pretty cheap, $9 for real time, $4 if you do them on an investing plan.

[lawgrad91]

I use Sharebuilder as well, having switched over from another program last year. Sharebuilder is where I stash mad money, and I buy cheap stocks as well. So far I've had good luck....

Make sure, if you go that route, you get info from CB&B, the first person to mention it to you, and she'll get a bonus from Sharebuilder, free trades or extra $$ or something.

[CameronBornAndBred]

I use Sharebuilder as well, having switched over from another program last year. Sharebuilder is where I stash mad money, and I buy cheap stocks as well. So far I've had good luck....

Make sure, if you go that route, you get info from CB&B, the first person to mention it to you, and she'll get a bonus from Sharebuilder, free trades or extra $$ or something.

Oh, hey yer right! I can get both bjornolf and $50 if he joins up. I'll send you an email bjornolf.

[OZZIE4DUKE]

Scottrade. I've been using them for all our accounts for about 4 to 5 years. Love the performance and the available service. $7 trades, including penny stock trades (plus~1% of the value of the trade, which is MUCH less than any other brokerage service for this type of trade. I'll be happy to provide a more specific example if anyone wants). Trades are implemented almost instantaneously, sometimes at better than the limit price placed if it's that type of trade. And when you sign up, they give you a local office, where they have real, knowledgeable brokers to help you (mostly with paperwork) if needed. They don't give advice. Scottrade recently has added research online (obviously to compete with the others that are advertising research).

I'd love to send you a referral - we'd both get three free trades as an incentive.

[bjornolf]

I use Sharebuilder as well, having switched over from another program last year. Sharebuilder is where I stash mad money, and I buy cheap stocks as well. So far I've had good luck....

Make sure, if you go that route, you get info from CB&B, the first person to mention it to you, and she'll get a bonus from Sharebuilder, free trades or extra $$ or something.

Oh, hey yer right! I can get both bjornolf and $50 if he joins up. I'll send you an email bjornolf.

Um, dude, you just got called a girl.

[lawgrad91]

I use Sharebuilder as well, having switched over from another program last year. Sharebuilder is where I stash mad money, and I buy cheap stocks as well. So far I've had good luck....

Make sure, if you go that route, you get info from CB&B, the first person to mention it to you, and she'll get a bonus from Sharebuilder, free trades or extra $$ or something.

Oh, hey yer right! I can get both bjornolf and $50 if he joins up. I'll send you an email bjornolf.

Um, dude, you just got called a girl.

Uh, actually, I was calling CB&B a girl. CB&B, are you a girl? If not, I apologize.

CB&B will get the bonus, and I think bjornolf will get a bonus as well as a new signup.

[OZZIE4DUKE]

Uh, actually, I was calling CB&B a girl. CB&B, are you a girl? If not, I apologize.

CB&B will get the bonus, and I think bjornolf will get a bonus as well as a new signup.

No, HE's not! When you come to your first Brunchgate this fall, you'll meet him.

[bjornolf]

Uh, actually, I was calling CB&B a girl. CB&B, are you a girl? If not, I apologize.

Yes, I know, and CB&B is NOT a girl. He's a woman. ;) Kidding, kidding of course, Chris. Think it's time to change that avatar, man. ;)

[CameronBornAndBred]

Uh, actually, I was calling CB&B a girl. CB&B, are you a girl? If not, I apologize.

Yes, I know, and CB&B is NOT a girl. He's a woman. ;) Kidding, kidding of course, Chris. Think it's time to change that avatar, man. ;)

I think it must be my effeminate typing. Here and over yonder I get mistaken for a woman all the time.

[lawgrad91]

Sorry, CB&B. Didn't mean to insult anyone.

[CameronBornAndBred]

Sorry, CB&B. Didn't mean to insult anyone.

No offense taken. Like I said...I'm used to it.

[lawgrad91]

I'm blind enough to be an ACC official, although not deaf enough yet....

[CameronBornAndBred]

I'm blind enough to be an ACC official, although not deaf enough yet....

Stand next to devildeac at a game...you will be.

[DukieInKansas]

I keep reading the title of this thread as "Interesting Advice".

Time to get the eyes checked.

[OZZIE4DUKE]

I keep reading the title of this thread as "Interesting Advice".

Time to get the eyes checked.

You must have pastrami on the brain!

[CameronBornAndBred]

Picked a hell of a day to ask about investing. Largest one day drop since early February. Luckily yesterday was the opposite for me, and my buys from last week are still on top of where they were when I got in on them.

[CathyCA]

I keep reading the title of this thread as "Interesting Advice".

Me, too. Thankfully, my new glasses will be ready tomorrow.

[devildeac]

I'm blind enough to be an ACC official, although not deaf enough yet....

Stand next to devildeac at a game...you will be.

Sad but true...


HEY REF, YOU SUCK!