Online Stock Trading

[Art FJR]

I am wanting to buy and sell some stocks online and it has been a few years since I have done this. There were few choices back in the day.

I am looking for low trade prices (not necessarily the lowest) and I would like to be able to see some "charts". Please note that I have dialup (you know, with the modem thing) so I probably won't use the www all day long. I just want to hear about opportunities, check some charts and then buy some stocks when my price is met. I think there are some buying opportunities out there right now and I want to get setup so I can potentially participate. I am only interested in equities and nothing exotic.

I got about 1 to 2 Million pennies to play with. If you don't say millions or billions or trillions, no one even pays attention these days.

Should I talk to Chuck? What do some of you use and how much do you like them?

And if anyone wants to chip in, I am thinking about buying Iceland. I heard all the ice melted and it is perfect for riding around on the FJR. And if we own it, we can make all the rules such as cars can go 50 km/hour and FJR's can go upto 50,000 Euro's/Degree Day (I think that is fast, but I am not sure).

Art

 

[Wolfhound]

I use tdameritrade.com

 

[bikesniffer]

check with your bank if they have an online brokerage account for you that is linked to your regular account (Wells Fargo has that)

I'd recommend you only trade if you know the stocks you're wanting to trade quite well.

Take 2 million pennies and buy Boeing stock symbol BA (a bargain right now) or Johnson & Johnson stock symbol JNJ, Keep the stock, forget about it and look at it again in 10-20 years, depending on your age of course...

just my 2cents

 

[650cent]

I use tdameritrade.com

Ditto, fair price for trades and understandable statements.

Bill

 

[jwilly]

I use TDAmeritrade as well and have been happy with them. If you bank with a larger bank and their still business check with them as well. You might get a better deal if your doing a limited number of trades.

Just curious Art, do you have some particular stocks in mind or industries?

JW

 

[Bustanut joker]

Leave it to Ameritrade!

I find it sad they allow the mentally deficient among us to toss away their monthly gumment stipends without proper supervision.

You'd think they'd at least contact Willys folks before takin his allowance.

:jester:

Hey J dub. Ya got any hot tips on **** stocks???

 

[jwilly]

Hey J dub. Ya got any hot tips on **** stocks???

I don't mess with penny stocks!

It's a down economy! Buy beer stocks, they do well in bad times.

JW

 

[rushes]

It's a down economy! Buy beer stocks, they do well in bad times. JW

Something to think about...

If you had purchased $1,000.00 of Delta Air Lines stock one year ago you would have $49.00 left. With Enron, you would have had $16.50 left of the original $1,000.00. With WorldCom, you would have had less than $5.00 left.

But, if you had purchased $1,000.00 worth of beer one year ago, drank all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have $214.00 cash. Based on the above, the best current investment advice is to drink heavily and recycle.

It's called the 401-Keg. :good:

 

[Bustanut joker]

Damn! Thanks rushes!

I've made $826.00 so far this year. Finally a just reason to drink!!

Time to go re-invest as my wit is starting to fall off tonight.

:jester:

 

[FJRintheVille]

Damn! Thanks rushes!
I've made $826.00 so far this year. Finally a just reason to drink!!

Time to go re-invest as my wit is starting to fall off tonight.

:jester:

Take that $826 and invest it in GM stock and you could have bought 400 shares today. Nah stay with the recycling!! :blink:

 

[Solo]

Scottrade. $7.95 per trade, any number of shares. Fast. J.D. Power award year after year. ++

 

[Art FJR]

I use TDAmeritrade as well and have been happy with them. If you bank with a larger bank and their still business check with them as well. You might get a better deal if your doing a limited number of trades.
Just curious Art, do you have some particular stocks in mind or industries?

JW

JW,

Personally, I think some of the financial stocks are oversold. Bank of America is an example. It was suggested that at $35 the price was a buy, and it is now in the 20's so perhaps now is better. I need to get in a position to buy with a phone call. I think the Fed is pumping money into the market to solve the liquidity issue, and I don't believe that we have an insolvency problem. I am looking at financial institutions for sure.

I took cash in my 401k (1.4 million pennies) and went into the S&P 500. I increased my contributions from 6% to 12%. I am trying to buy low.

There are many non-financial stocks that are low that can be a good play. That is why I need the charts. I think there is all kinds of value out there (big names and top companies). Sure it is hard to put a value on stocks when you can't possible predict future earnings, but I think the market is over reacting.

That is my 2 cents and I got another million cents that I think can be used to make some more pennies.

Art

 

[jwilly]

Art,

You're absolutely correct, it is a great time to invest in the market while it's down. Of course there are no guarantees so protect yourself by diversifying.

Some of the best stock purchases I have ever made were in October 2001.

Good luck to you!

JW