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Join Date: Feb 2008
Posts: 18,803
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Do you buy your stock from the actual companies, or from a trading service?
I've been buying stock directly from the companies lately. I used to do scottrade 4 years ago, but got tired of the fees.
What do y'all do?
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dolor et pavor Copyright Last edited by Arizona_928; 08-24-2015 at 10:42 PM.. |
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08-24-2015, 10:21 PM
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Cogito Ergo Sum
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You yall? Fail at sounding southern.
 I've bought through USAA but only because I have some free trades from them. |
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08-24-2015, 10:32 PM
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Registered
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No one buys stock directly from companies anymore.
I use TDAmeritrade, but I've had an account with them for 20 years. |
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08-24-2015, 10:35 PM
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Join Date: Feb 2008
Posts: 18,803
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Quote:
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dolor et pavor Copyright |
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08-24-2015, 10:44 PM
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Get off my lawn!
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One of my good friends got into day trading. He would spend hours listening to experts on TV and radio and he bought special software to help him decide which stocks he wanted to buy. He was spending so much time doing that his regular business started to suffer. In the end one of his employees that was a naturalized American citizen from Cuba got interested in the stock market from watching the boss. He started buying and selling stocks and he did better by just gut instinct.
I watched all of that and I figured I did not want to spend my life as a day trader. I let USAA make the investments for me. They have a long term track record of making my money grow and a respectable rate and I don't have to do a single thing.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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08-25-2015, 05:08 AM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,119
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I buy from a broker. I don't buy or sell often enough for the fees to matter much to me.
Buy and hold is my motto. I have bought a few individual stocks in the past. These days, I don't. I buy index mutual funds in various asset classes. Index mutual funds have a very low fee/cost compared to the actively managed funds. Especially if you use Vanguard and their funds. Mutual funds allow me to own far more stocks than I would own if I were trying to buy individual companies' stocks which allows me to own a much more diverse portfolio than if I was buying individual stocks. I like the protection that offers. I don't have to worry about a single stock taking a dive.
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
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08-25-2015, 05:26 AM
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Driver, not Mechanic
Join Date: May 2013
Location: SF Bay Area
Posts: 3,004
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Scottrade and Interactive Brokers.
I don't trade all that much because I am a buy and hold kind of guy. |
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08-25-2015, 05:38 AM
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Friend of Warren
Join Date: Oct 2000
Location: Lincoln, NE
Posts: 16,494
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Scottrade for me. $7.00 commission is fairly cheap.
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Kurt V No more Porsches, but a revolving number of motorcycles. |
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08-25-2015, 06:05 AM
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1986 Porsche 944 2.5l
1984 Porsche Targa 3.2L
Carrera
