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    All Forums | Investments

    Kinda scared posting this

    HonLi
    whereismyhat
    bucknuts
    wallstreetcappers
    LeRinkRat
    ...
    Participants:
    Search
    Views: 516
    Posts: 15
     
    HonLi
    HonLi
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    Joined: Apr, 2007
    Posts: 1555
    Posted: Sep. 8, 2009 - 9:52 PM ET #1

    because I really don't wanna come across as a complete newb,idiot, but I'm swallowing my pride and here I go.
    First off, I just found out covers has an investments forum. I'm a huge fan of covers and have been using it for years for not only tips but entertainment.
    Here's my situation:
    I have ab out 7500.00 that I'd like to invest in the investment game.  I DON"T have an online account.  I don't have a broker, and I don't even have any friends to pick the brains of.
    I'm basically a software programmer who has always wanted to learn about investing and have procrastinated until now.  Now that I know I can hang in this forum and read all the begining tutorials and advice, I'm ready to begin.
    My question is:
    If you were in my shoes....
    What steps would you take?
    Where should I set up an account?
    What links should I begin with?
    Any and all advice greatly appreciated.
    I'm looking forward to learning as much about this as possible.
    Reply
    To remove first post, remove entire topic.
    because I really don't wanna come across as a complete newb,idiot, but I'm swallowing my pride and here I go.
    First off, I just found out covers has an investments forum. I'm a huge fan of covers and have been using it for years for not only tips but entertainment.
    Here's my situation:
    I have ab out 7500.00 that I'd like to invest in the investment game.  I DON"T have an online account.  I don't have a broker, and I don't even have any friends to pick the brains of.
    I'm basically a software programmer who has always wanted to learn about investing and have procrastinated until now.  Now that I know I can hang in this forum and read all the begining tutorials and advice, I'm ready to begin.
    My question is:
    If you were in my shoes....
    What steps would you take?
    Where should I set up an account?
    What links should I begin with?
    Any and all advice greatly appreciated.
    I'm looking forward to learning as much about this as possible.
     
    whereismyhat
    whereismyhat
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    Posts: 16136
    Posted: Sep. 9, 2009 - 9:09 AM ET #2

    I think scottrade is the best
    Reply
    I think scottrade is the best
     
    bucknuts
    bucknuts
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    Posts: 8951
    Posted: Sep. 9, 2009 - 9:23 AM ET #3

    Trade forex
     
    Reply
    Trade forex
     
     
    wallstreetcappers
    wallstreetcappers
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    Posts: 58464
    Posted: Sep. 9, 2009 - 9:38 AM ET #4

    Quote Originally Posted by bucknuts:

    Trade forex
     




    Hat is right, if a Scottrade is near to where you live, open a local acct there. Commish rates are lower and you have the office to go into and get checks cuts and make deposits, ask questions etc.
    Reply
    Quote Originally Posted by bucknuts:

    Trade forex
     




    Hat is right, if a Scottrade is near to where you live, open a local acct there. Commish rates are lower and you have the office to go into and get checks cuts and make deposits, ask questions etc.
     
    HonLi
    HonLi
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    Joined: Apr, 2007
    Posts: 1555
    Posted: Sep. 9, 2009 - 9:49 AM ET #5

    Getting ready to open an account.  There's a few office all around where I live in Tampa.  Do you any of you have a promotion code or referal code or anything like that, that you would like me to enter....Figured I'd ask.
    Reply
    Getting ready to open an account.  There's a few office all around where I live in Tampa.  Do you any of you have a promotion code or referal code or anything like that, that you would like me to enter....Figured I'd ask.
     
    wallstreetcappers
    wallstreetcappers
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    Posts: 58464
    Posted: Sep. 9, 2009 - 9:59 AM ET #6

    There are "free trade" codes that you can enter when opening an account where if someone referred you they get free trades.

    If you want to do that with whereismyhat, you can exchange info I guess in PM-land, I have never worried about getting promo bonuses from giving info here..especially since being a moderator.
    Reply
    There are "free trade" codes that you can enter when opening an account where if someone referred you they get free trades.

    If you want to do that with whereismyhat, you can exchange info I guess in PM-land, I have never worried about getting promo bonuses from giving info here..especially since being a moderator.
     
    HonLi
    HonLi
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    Posts: 1555
    Posted: Sep. 9, 2009 - 11:03 AM ET #7

    WoW. Scottrade just rejected me based on my credit score.
    That's a bummer.  wtf?
    Reply
    WoW. Scottrade just rejected me based on my credit score.
    That's a bummer.  wtf?
     
    wallstreetcappers
    wallstreetcappers
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    Joined: Feb, 2003
    Posts: 58464
    Posted: Sep. 9, 2009 - 11:32 AM ET #8

    Really?

    Never heard of that.

    Walk into a local office and talk to a branch manager..
    Reply
    Really?

    Never heard of that.

    Walk into a local office and talk to a branch manager..
     
    LeRinkRat
    LeRinkRat
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    Joined: Dec, 2001
    Posts: 85256
    Posted: Sep. 9, 2009 - 12:41 PM ET #9

    been using TD Ameritrade for years and I think they are the best online firm for their trading platform and service. $9.99 per trade may be slightly higher that some of the "bare bones" firms like Scottrade and Fidelity BUT thats for any size or type order and any priced stock, even "pennies" that are trading under a dollar.
     
    was just talkig to one of their brokers and right now they have a 500 free trades for the first 30 days new account promotion which is for any amount so your $7500 would qualify.
     
    here's their site >>> https://www.tdameritrade.com/offer/independence.html?a=pqo&referrer=
    Reply
    been using TD Ameritrade for years and I think they are the best online firm for their trading platform and service. $9.99 per trade may be slightly higher that some of the "bare bones" firms like Scottrade and Fidelity BUT thats for any size or type order and any priced stock, even "pennies" that are trading under a dollar.
     
    was just talkig to one of their brokers and right now they have a 500 free trades for the first 30 days new account promotion which is for any amount so your $7500 would qualify.
     
    here's their site >>> https://www.tdameritrade.com/offer/independence.html?a=pqo&referrer=
     
    HonLi
    HonLi
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    Posts: 1555
    Posted: Sep. 9, 2009 - 1:08 PM ET #10

    Thanks I'll check it out
    Reply
    Thanks I'll check it out
     
    Grego
    Grego
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    Posts: 3360
    Posted: Sep. 9, 2009 - 2:05 PM ET #11

    Quote Originally Posted by HonLi:

    WoW. Scottrade just rejected me based on my credit score.
    That's a bummer.  wtf?

    don't try and open a margin account, cash only

    Reply
    Quote Originally Posted by HonLi:

    WoW. Scottrade just rejected me based on my credit score.
    That's a bummer.  wtf?

    don't try and open a margin account, cash only

     
    LeRinkRat
    LeRinkRat
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    Posts: 85256
    Posted: Sep. 9, 2009 - 3:50 PM ET #12

    TD Ameirtrade will open a margin account with $7500. you just have to maintain a minimum equity of $2000
     
    (and NO I don't work for them, I just think they are the best in the business)
    Reply
    TD Ameirtrade will open a margin account with $7500. you just have to maintain a minimum equity of $2000
     
    (and NO I don't work for them, I just think they are the best in the business)
     
    rubberneck
    rubberneck
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    Posts: 3221
    Posted: Sep. 9, 2009 - 4:20 PM ET #13

    bet on football and triple it this season
    Reply
    bet on football and triple it this season
     
    Vermeer
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    Posts: 2910
    Posted: Sep. 9, 2009 - 5:14 PM ET #14

    Just open a cash account with Scottrade....or wherever...certainly just starting out you do NOT want to use a margin account...no way.GL
    And one more thing,scale into any positions you take...I would also buy a copy of Reminiscences of a Stock Operator simply because it is a hell of a read.


    Reply
    Just open a cash account with Scottrade....or wherever...certainly just starting out you do NOT want to use a margin account...no way.GL
    And one more thing,scale into any positions you take...I would also buy a copy of Reminiscences of a Stock Operator simply because it is a hell of a read.


     
     
    bigkat
    bigkat
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    Posts: 585
    Posted: Sep. 10, 2009 - 11:53 AM ET #15

    Ameritrade or really wherever. If u are young, invest aggressively & even today if I were old I would still be fairly aggressive cuz the market is too unpredictable & u dont have time to wait. Choose some mutual funds and about 3 stocks...
    Reply
    Ameritrade or really wherever. If u are young, invest aggressively & even today if I were old I would still be fairly aggressive cuz the market is too unpredictable & u dont have time to wait. Choose some mutual funds and about 3 stocks...
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