Tom's Hardware > Forum > Old Man/Woman's Club > Other > Online Trading
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shadus   12-30-2003 at 05:18:20 PM

Anyone here do online trading? Any advice for someone who is interested in getting into it? How much is the minimum you can realistically use to start? Any suggestions on what online broker to go with? (Tradestation looks fairly good.) Advice-- Suggestions-- Recommendation, I'm open here people :)

<A HREF="http://www.lochel.com/THGC/html/shadus.html" target="_new">Shadus</A>

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alltaken   12-30-2003 at 11:46:09 PM
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my persoanl advice is this.

SHARE MARKETS ARE DUMB.

its gambling at the best of times.

if you really want to earn money and earn it fast the real place to do it is pyrimid selling schemes :p

HA HA HA HA just kidding.



but seriously a lot of people have lost a lot of money in the sharemarket, for every millionaire made there are 100 people who have lost $10,000

its like lotto, you buy a ticket and you lose a bit of money, but get the chance to win, the lotto company has it so they take a bit of the top (like trading compnays cream a little off the top) the odds are in the houses favour (the trading company)




but i don't trade so i don't know whos good :(

ignore my opinion, its jsutan opinion and doesn't answer your question

Alltaken

<A HREF="http://www.mud-puddle.co.nz" target="_new">http://www.mud-puddle.co.nz</A> its where its all going on, oh and its also all going on HERE <A HREF="http://doug.mud-puddle.co.nz/gallery/" target="_new">http://doug.mud-puddle.co.nz/gallery/</A>

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dhlucke   12-30-2003 at 11:58:17 PM
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If you're serious about investing then you should probably get a real broker.

Mutual funds generally have a $1000 minimum. Some are more or less. Stocks don't have a minimum, but you have to buy whole shares I believe.

Do it for the long term or you'll get killed by fees. Investing for the short term is not a good idea. You might as well go to a casino then. I also wouldn't invest money if you have credit card debt. Pay off your credit cards first since odds are the APR on those is higher than your returns will be.

Consider investing in a 401K first. Use a tax shelter before you just go out and invest money. I'd max out your 401K then open up a ROTH IRA account before doing online trading.

Depending on where you live, I would probably invest in a 401K, a ROTH IRA, and a home before doing any online trading. Real estate prices in CA have historically done very well and appreciate at 12-16% for the most part vs the 7% nationally so it's a good idea here. With interest rates this low it only makes sense to put money into a home if you can.

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Flamethrower205   12-31-2003 at 01:54:34 AM
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Setting up a small trust w/ some friends and investing in this stock I've been tracking for years and have created some models for. How much time are you willing to spend on this ordeal? You could do end of day data (mainly what we do) or real time...which is nervewracking and hella fun!

The one and only "Monstrous BULLgarian!"

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gothitbycar   01-01-2004 at 05:54:44 PM
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There are some sites for learning the stock market, it follows the real market but you don't use real money. You start off with 10,000 and you invest it. After that you can buy and sell of your stocks and see how much you earn. I did that in business class 2 years ago. Pretty neat.

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BunnyStroker   01-02-2004 at 12:14:17 AM
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Quote :

If you're serious about investing then you should probably get a real broker.


Not necessarily true. An excellent website to start for investing (offline and online) advice is <A HREF="http://www.fool.com" target="_new">The Motley Fool</A>. They have a lot of good free content, as well as some premium content. They also dispel a lot of commonly believed investment myths.


<b>1.4 Ghz AMD T-Bird underclocked to 1 Ghz...just to be safe!</b>

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dhlucke   01-02-2004 at 12:36:23 AM
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Not everyone can or has the time to figure out the market on their own. On the flip side of that coin though you have to be careful that your broker doesn't get you into stocks just because he makes a higher commission.

That website is great. I've used it.

_________________________________________
<font color=red>12 bit... The way games are meant to be played!</font color=red>

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BunnyStroker   01-03-2004 at 07:49:44 AM
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Pay off any high interest debts before investing. Begin investing early in your life - not when you are beginning to think about retirement.

Buy index funds. Don't invest unless you are willing to stay in the market 5+ years. Don't try to be a day trader - brokerage fees on numerous buys/sells will kill any returns you might make.

Avoid mutual funds like the plague - even when they perform as advertised, mutual fund fees destroy your real return.

There, that wasn't so hard, was it? Did you really need to pay a broker $100/hr to tell you that? Did it really take that much of your time?

Long live the <A HREF="http://www.fool.com" target="_new">Fool</A>!

<b>1.4 Ghz AMD T-Bird underclocked to 1 Ghz...just to be safe!</b>

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dhlucke   01-03-2004 at 08:01:59 AM
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he he

My problem is finding good funds and stocks to invest in. I don't have the time to fully understand the fundamentals of a plethora of companies like a broker does. Who do you rely on for research?

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