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As someone who has never played the stock market (or invested in any securities), what services do you use? Do you need to use multiple services in order to tra
by lobster_johnson 11y ago
As someone who has never played the stock market (or invested in any securities), what services do you use? Do you need to use multiple services in order to trade the different possible securities and markets?
According to an analyst friend, some of the online sites geared towards small-fry individuals are a bit shady, in the sense that they bet against their own users; I believe Etrade was in that category.
Any recommendations for a "beginner's tutorial" on how to get started?
- AJ007 11y agoRead more Warren Buffet, less Jim Cramer. Definitely do not read stuff where some random guy wrote it (a lot of the investing news sites.) I'm not convinced someone who doesn't know much about business can be a good investor. Consider the worst thing that can happen isn't losing everything you invested but rather making a huge return completely randomly. People who have a bunch of money made in an unrepeatable way are miserable and often die quickly.
- morley 11y agoI personally use Schwab, because (at the time I opened the account) opening an investing account also let you open a checking account with refunded ATM withdrawals. The brokerage account also has access to extended hours trading, though I don't know if that's a standard feature. I also have a Capital One Investing account (partially because I rolled a 401k into an IRA there), and I can say that Capital One has cheaper transaction fees. But I'm an index fund investor, so I don't really care about the fees as much. That's the extent of my experience with investing. It's not a lot, but I hope it helps.