How do I find a cheap, easy to use broker? There are SO MANY – how do I chose? The ones I've heard about include Ameritrade, eTrade, Sharebuilder, TDWaterhouse, ScotTrade, Fidelity, the list goes on! What makes them all different?
What I know: I'd like do invest relatively conservatively (IE – no day-trading). I'd like to invest in ethanol. I'd like to invest for down the line…
The only resource I'm using now are
http://www.investingonline.org/index.html
Yahoo! Finance.
HELP!
Update:
I'm probably looking to invest a few thousand for now. That may increase but I dont foresee investing more than 5-10K.
As far as where I was planning to put my money – mostly in stocks in NYSE or Nasdaq. Prob not smallcaps/penny stocks, but I did have my eye on an IPO or two. BTW what are franchise stocks?
I was actually thinking about Sharebuilder – it comes highly acclaimed. Why is touted so much? Advantages / Disadvantages?
Investing in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work.
Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.
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