Lux Investing
Stocks question - which is the best way for me to invest?
Would it be better for me to pay to use an online company like e-trade or ameritrade & pay the $10 per trade fee - or to direct buy stock (DRIP) from the company if they charge a $7.50 registration fee & a $0.15 per stock fee when you sell? I am looking to only invest a couple thousand & plan to let it sit for like 15-20 years without touching it.
Public Comments
- (DRIP) e-trade or ameritrade will charge your account inactive trade fees that would empty the account in 15-20 years. You can buy several DRIPs through one stock transfer company. http://www.amstock.com/main/
- Yes, the Dividend Reinvestment Plan. You can also look into no load mutual funds.
- Tradeking and Scottrade have lower commissions and no inactivity fees.
- With http://www.sogotrade.com , you get cheap trading commissions at $1.50-$3.00, free research tools for stock trading, an efficient and robust platform, fractional shares and DRIPS.
