For Those Who Do Online Stock/Invest...

hl0m4n · 05-04-2008, 05:07 PM

for those who do online stock/investements, what online site are you using? i want to start myself but some sites look much confusing than others. i was mainly going with etrade but there are so many out there like scottrade, fidelity, etc. i'm looking for easy tools, easy access, and just overal easy with no hidden fees straight up good service.

any pointers?

nyczyang27 · 05-04-2008, 05:39 PM

It really depends on how your planning on trading/investing.

but.. in my experience,

etrade and tradestation > everything else.

iatacs19 · 05-04-2008, 05:45 PM

Quote:

Originally Posted by nyczyang27

It really depends on how your planning on trading/investing.

but.. in my experience,

etrade and tradestation > everything else.

Agreed, e*Trade tools are much better and the trades execute much faster than my Fidelity account, I use Fidelity mainly for retirement stuff.

Brunotheboxer · 05-04-2008, 06:15 PM

we use fidelity.com but we are very biased.

TurboFan · 05-04-2008, 09:47 PM

Anyone tried eTrade and TD Ameritrade (post merger)? I'm interested how you think the compare.

sinnet112 · 05-04-2008, 10:14 PM

E*Trade has a nice user-friendly environment and it's much easier to research on but you pay for it with commissions. Compared to the others, $12.99 per trade is very very expensive. Depending on the amount you're trading with, a discount broker may be better for you as their commissions won't limit your gains (e.g. TradeKing).

hl0m4n · 05-04-2008, 10:25 PM

Quote:

Originally Posted by sinnet112

E*Trade has a nice user-friendly environment and it's much easier to research on but you pay for it with commissions. Compared to the others, $12.99 per trade is very very expensive. Depending on the amount you're trading with, a discount broker may be better for you as their commissions won't limit your gains (e.g. TradeKing).

wow. so if i buy a share of star bucks at like $11, i pay $11 for the share plus additional $12.99 for etrade commision and fees?

BMW_TT · 05-04-2008, 10:26 PM

I have scottrade but i haven't traded in awhile

nyczyang27 · 05-04-2008, 11:13 PM

Quote:

Originally Posted by hl0m4n

wow. so if i buy a share of star bucks at like $11, i pay $11 for the share plus additional $12.99 for etrade commision and fees?

Yeah that is correct... however, most people don't buy just 1 share lol.

hl0m4n · 05-05-2008, 01:08 AM

Quote:

Originally Posted by nyczyang27

Yeah that is correct... however, most people don't buy just 1 share lol.

i am confused. do i pay the commision per each share or just one time for a group? like i buy 10 shares of star bucks at $11, do i pay $12 fee 10 times? dumb question i know i just don't know how the fees and comissions come into play.

nyczyang27 · 05-05-2008, 01:32 AM

Quote:

Originally Posted by hl0m4n

i am confused. do i pay the commision per each share or just one time for a group? like i buy 10 shares of star bucks at $11, do i pay $12 fee 10 times? dumb question i know i just don't know how the fees and comissions come into play.

You only pay the $12.99 commission each time you execute a trade. A trade can be buying as much shares as you want, or selling, vice versa.. So for instance, if you buy 10 shares or 100 shares of SBUX, you pay the $12.99 commision.

garyhgaryh · 05-05-2008, 01:33 AM

I have an etrade and ameritrade account.. etrade is a little nicer, but since I started with Ameritrade, I use that more often then etrade because most of my porfolio is there.

sinnet112 · 05-05-2008, 01:37 AM

Basically, you need to buy enough shares to offset the cost of commission and potential gains. With E*Trade, you're going to essentially be losing $25.98 with each transaction from beginning to end (buy, then sell).

DesiGUY · 05-05-2008, 06:14 AM

sinnet112... +1

I use scottrade... no gotchas

to buy/sell any # of shares, its $7

dimisa1977 · 05-05-2008, 06:54 AM

Quote:

Originally Posted by hl0m4n

for those who do online stock/investements, what online site are you using? i want to start myself but some sites look much confusing than others. i was mainly going with etrade but there are so many out there like scottrade, fidelity, etc. i'm looking for easy tools, easy access, and just overal easy with no hidden fees straight up good service.

any pointers?

werd to the wise, use caution with etrade.

customer care is junk, and one of my tennants had 5K withdrawn from an etrade account and wired to africa. etrade never alerted her for suspicious activity. unbelieveable.

Design1314 · 05-05-2008, 08:24 AM

I use fidelity

ArmyBimmerDude · 05-05-2008, 08:25 AM

Quote:

Originally Posted by DesiGUY

sinnet112... +1

I use scottrade... no gotchas

to buy/sell any # of shares, its $7

Damn, I'll have to look into that.

ejheverest · 05-05-2008, 09:12 AM

thinkorswim.com - also have tdameritrade but, don't use them much anymore

iatacs19 · 05-05-2008, 11:34 AM

Fidelity rapes me on commissions, so I don't do much trading there, just trade once a year to move stuff around in my 401K and IRAs, etc.

Last time I think they charged me $19.99 for commission, and when I traded $10,000+ they charged me $34.99.

mrwma237 · 05-05-2008, 11:38 AM

E-Trade, Fidelity, Scottrade...they're all nice..and have fancy tools.

You're not comfortable trading yourself or maybe just too lazy to do your own studies?

Open an account with me at MS and I'll do it for you.

ZBMW · 05-05-2008, 01:11 PM

Etrade is ok if you are an experienced investor. Their customer service is essentially nil unless you ask specific questions.
For someone without a lot of experience I'd recommend Fidelity. The commisions are higher but, unless you are trading, that isn't a big problem. The service is better and they have a number of good funds if you want to go that route.

J BONE · 05-05-2008, 01:21 PM

Quote:

Originally Posted by DesiGUY

I use scottrade... no gotchas

to buy/sell any # of shares, its $7

Scottrade is good. I have not tried out any other ones but $14 for a transaction (buy/sell) is good IMO.

05-04-2008, 05:07 PM	#1
hl0m4n Major General 2158 Rep 5,623 Posts Drives: BMW Join Date: Nov 2006 Location: NY iTrader: (58)	For Those Who Do Online Stock/Invest... for those who do online stock/investements, what online site are you using? i want to start myself but some sites look much confusing than others. i was mainly going with etrade but there are so many out there like scottrade, fidelity, etc. i'm looking for easy tools, easy access, and just overal easy with no hidden fees straight up good service. any pointers? __________________ Cars: 07 335i ► 08 328i ► 11 328xi ► 13 M3 ► 17 M4 ► 14 M6
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05-04-2008, 05:39 PM	#2
nyczyang27 Second Lieutenant 28 Rep 267 Posts Drives: z4 3.0si / 328xi Join Date: Sep 2007 Location: NYC iTrader: (0)	It really depends on how your planning on trading/investing. but.. in my experience, etrade and tradestation > everything else. __________________ 2007 Z4 3.0si Step/Premium/Xenon/HeatedSeats/AutoTop/M6Wheels 2007 328xi Step/Premium/Sport/Xenon
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05-04-2008, 06:15 PM	#4
Brunotheboxer Colonel 371 Rep 2,984 Posts Drives: 2014 Shelby GT500. Join Date: Jan 2006 Location: Boston/Cape Cod iTrader: (0)	we use fidelity.com but we are very biased. __________________ "...I maybe drunk, but you're ugly, and I can sober up..."
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05-04-2008, 09:47 PM	#5
TurboFan Ski bum 317 Rep 6,198 Posts Drives: sideways Join Date: Aug 2007 Location: Knee deep in the pow iTrader: (8)	Anyone tried eTrade and TD Ameritrade (post merger)? I'm interested how you think the compare. __________________ 1999 e46 328i Ti Silver / Black[retired] 2007 e90 335xi Jet Black / Black[retired] 2011 e70 X5 35d Vermillion Red / Cinnamon 2011 e92 M3 LeMans / Fox Red extended
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05-04-2008, 10:14 PM	#6
sinnet112 Major 30 Rep 1,118 Posts Drives: 2009 E89 Z4 Join Date: Dec 2006 Location: NJ iTrader: (1) Garage List 2007 335i Coupe [0.00] 2007 328xi Sedan [0.00]	E*Trade has a nice user-friendly environment and it's much easier to research on but you pay for it with commissions. Compared to the others, $12.99 per trade is very very expensive. Depending on the amount you're trading with, a discount broker may be better for you as their commissions won't limit your gains (e.g. TradeKing). __________________ Z4 sdrive30i \| Deep Sea Blue \| Ivory White Nappa Extended Leather \| ZSP
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05-04-2008, 10:26 PM	#8
BMW_TT Colonel 224 Rep 2,548 Posts Drives: E92 335i Join Date: Aug 2007 Location: Dallas, TX iTrader: (4)	I have scottrade but i haven't traded in awhile
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05-05-2008, 01:33 AM	#12
garyhgaryh Major 78 Rep 1,232 Posts Drives: Supercharged e30 M3 Join Date: Jan 2007 Location: santa cruz iTrader: (4)	I have an etrade and ameritrade account.. etrade is a little nicer, but since I started with Ameritrade, I use that more often then etrade because most of my porfolio is there.
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05-05-2008, 01:37 AM	#13
sinnet112 Major 30 Rep 1,118 Posts Drives: 2009 E89 Z4 Join Date: Dec 2006 Location: NJ iTrader: (1) Garage List 2007 335i Coupe [0.00] 2007 328xi Sedan [0.00]	Basically, you need to buy enough shares to offset the cost of commission and potential gains. With E*Trade, you're going to essentially be losing $25.98 with each transaction from beginning to end (buy, then sell). __________________ Z4 sdrive30i \| Deep Sea Blue \| Ivory White Nappa Extended Leather \| ZSP
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05-05-2008, 06:14 AM	#14
DesiGUY Banned 82 Rep 76 Posts Drives: Crazy Join Date: Apr 2006 Location: Right behind you iTrader: (0) Garage List 06 BMW 330! [0.00] 99 Mitsubishi Eclipse [0.00]	sinnet112... +1 I use scottrade... no gotchas to buy/sell any # of shares, its $7
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05-05-2008, 08:24 AM	#16
Design1314 Major 181 Rep 1,265 Posts Drives: e92 Join Date: May 2007 Location: NYC iTrader: (0)	I use fidelity
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05-05-2008, 09:12 AM	#18
ejheverest First Lieutenant 25 Rep 395 Posts Drives: E90 SG 330i Join Date: Nov 2006 Location: Mass, NH, Maine, Virginia iTrader: (0)	thinkorswim.com - also have tdameritrade but, don't use them much anymore __________________ SOLD......E90 SG, ColdWeather Pckg, Sport Pckg, Logic7,H R Sports, Rogue Ikon, M sport shift knob/boot
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05-05-2008, 11:34 AM	#19
iatacs19 Major General 459 Rep 5,319 Posts Drives: 2016 SO M4 Join Date: Sep 2006 Location: Washington, DC iTrader: (8)	Fidelity rapes me on commissions, so I don't do much trading there, just trade once a year to move stuff around in my 401K and IRAs, etc. Last time I think they charged me $19.99 for commission, and when I traded $10,000+ they charged me $34.99. __________________ If only BMWCCA Referral: 385628
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05-05-2008, 11:38 AM	#20
mrwma237 Polytech Trooper 44 Rep 190 Posts Drives: 2018 F36 440i Gran Coupe Join Date: Dec 2007 Location: 310/South Bay Beach Cities Los Angeles iTrader: (0)	E-Trade, Fidelity, Scottrade...they're all nice..and have fancy tools. You're not comfortable trading yourself or maybe just too lazy to do your own studies? Open an account with me at MS and I'll do it for you. __________________ Drive w/ Passion Bucket!
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05-05-2008, 01:11 PM	#21
ZBMW Black Forest Bimmerphile 2 Rep 137 Posts Drives: 2007 335i Join Date: Jan 2007 Location: Colorado iTrader: (1)	Etrade is ok if you are an experienced investor. Their customer service is essentially nil unless you ask specific questions. For someone without a lot of experience I'd recommend Fidelity. The commisions are higher but, unless you are trading, that isn't a big problem. The service is better and they have a number of good funds if you want to go that route.
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