Buying stocks online

I am looking at buying some shares in a company and want to know the best way to go about it. It is not a large purchase and I am confused with the online traders rates. I would like to simply pay for the stocks, pay the commission and that’s it. This would be my first purchase, I would hate to find I made some money and the majority of it goes to the stock broker! LOL

 

Hey Chris..I use TD waterhouse and pay $29/trade, either purchase or sale. It's been good to work with. You can open a free account at Canada Trust to deposit/wd the funds from. Good luck.

 

Our Bank (BMO) has an investor line but they want to have $5K in the account! I just want to buy a few hundred bucks of a $0.03 stock.

 

I just use eTrade: select how many stocks you want to buy, how you want to buy them, then they charge you commission and send you an email with a confirmation. Easy.

 

I was looking at etrade but the etrade.com does not allow an account with Canadian address. When i go to etrade Canada I can not find the stock I am looking at buying.

 

I use eTrade also but am in the US.

 

Some online stock brokers will not allow you to trade "penny stocks".. I trade thru my bank which is USAA and they gave me 25 free trades which is great! and then like $7.00 thereafter.

 

The penny stock I am looking at used to be a $22 stock (yikes) It has bounced for pennies to dollars over the last couple years. I am hoping to buy 10,000 shares at pennies and cross my fingers, LOL

 

Very risky.. but the returns it can possibly yield is exciting.. I am going for my Masters in Finance at the University of Texas San Antonio.. I am a stock watcher/Market Watcher.. you name it. What Stock is it? I would like to take a look

 

I pmed it to you.

 

thats what i usem works great.

I would suggest going to your bank and asking what they have. Each bank has its own trading co. mst are the same or very similar. They are easy to use and only take a few minutes to set up
also they can hook them up to your current accounts so tranfering money is quick and easy

 

Don't know if you can use Scottrade in Canada or not, but they're $7/trade and you can do it all on line.

 

Hey Chris, WHat stock is this you are looking to buy?

 

DPHIQ, GM counts on Delphi or they simply cannot build cars. I know GM is in a hole right now but I have faith they will pull out. If I buy DPHIQ at $0.03 a share and only spend $300 or so I get 10,000 shares. I believe if GM gets out of the hole they are in (possibly a bail out) that Delphi stocks will go up to a few bucks again. A couple years ago I watched this stock and they were trading for $0.25 a share. I was going to buy at that time. As soon as GM started restructuring Delphi stocks went to almost $4. I am hoping the same will happen if GM starts to turn around. I have blown more than $300 at a casino in 2 hours, may as well try this gamble.

 

I have both e-trade and TD Waterhouse. TD gives you $9.99 trades if you carry $100,000 in your account, you don't have to trade with it, just have to have it in there. If you plan on trading a bit more it might be worth paying for L2s

 

Phew, glad you only need to put in $100K to get that low per trade price. Oh, wait, there's FIVE zeros after that "1":doh:

I mean, what's a measly $100K to us detailing enthusiasts--right? For me it's only about $200K more than I have:applause2:

 

I used scottrade.

And according to bill oneil when a stock is cheap its cheap for a reason. You should only buy quality stocks in a bull market. I dont think we are anywhere close. You could actually get on the RichDad forums and see what some other people think about this buy though.

 

Does etrade allow you to buy these penny stocks?

 

I use sharebuilder, which is owned by IGN, they have been great and will even let you buy parts of stocks.

 

Yep. A great way to lose $1,200! Oops, that was me!!! Hahahahaha!!!