WR - View Single Post - Broker for a newbie?

$200 ?!?!?!?! considering that commission would be at around 10 dollars that would be 5% of your porfolio lost.... (people generally consider 5-8% annual return "good") unless if you got some inside info on some pink sheet or Bulletin board stocks... i recommend you save up at least 3k (7k preferred), to start. $200 dollars is much more of a head ache than its worth.

highly recommend opening up roth IRA (assuming you make less than 100k) with ameritrade or another broker (i use ameritrade, and am happy with them), youll thank me when your 65 and got a few milllion... buying and sitting on some index funds QQQQ and SPY are a good start

02-22-2005, 06:08 AM	#7
waltermondale whore Join Date: Feb 2005 Location: Starlight, NV Posts: 5/0.00 Threads: 0 Friends Network	Re: Broker for a newbie? $200 ?!?!?!?! considering that commission would be at around 10 dollars that would be 5% of your porfolio lost.... (people generally consider 5-8% annual return "good") unless if you got some inside info on some pink sheet or Bulletin board stocks... i recommend you save up at least 3k (7k preferred), to start. $200 dollars is much more of a head ache than its worth. highly recommend opening up roth IRA (assuming you make less than 100k) with ameritrade or another broker (i use ameritrade, and am happy with them), youll thank me when your 65 and got a few milllion... buying and sitting on some index funds QQQQ and SPY are a good start

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