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Sergio Sergio is offline
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Join Date: Jul 2001
Posts: 259
you can go to etrade.com or ameritrade and open an account, but keep in mind that buying those shares is going to cost you between 10 and 15 dollars, thats the cost of a transaction.... you will also have to pay 10 to 15 dollars when it comes time to sell...So you already 20 to 30 down on this stock.. It will have to go up 35% for you to make a profit, and even then youve made 5 dollars. A good rule of thumb is only invest money you are sure you are not going to need for the next three years. If you are just trying to make a quick buck, go to vegas and bet on red after the roulette wheel comes up black 6 times in a row.

THIS IS IMPORTANT:: If you are wanting to invest small sums periodically, look into a no load mutual fund or just keep it in a money market account on etrade etc... until you have enough in there to make purchases that will result in profits on smaller swings in the stocks price... 10% gain @ $100 is $10.00 minus transaction fee. 10% gain @ 1000 is $100.00 minus transaction fee. So only invest when you have enough to make it worth while.

Last time I checked, my money market account was paying around 5.25% intrest, I leave the money there until im ready to buy or short something...Please be aware that there are literally thousands of variables that will effect the market and nothing is ever as easy as it looks.. Be careful, and have fun..
Old 11-19-2001, 03:23 AM
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