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Where I buy stock from
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7/1/2011 2:39:06 PM
Posted: 5 years ago
i don't buy stock as that is generally extremely unintelligent unless you have a large amount of money.
ETFs and no-load index funds are what you want.
Open up a Roth IRA (if the money you are seeking to invest is earned and was taxed as income)
A roth IRA will allow you to have tax free interest
The ETF has no buy/sell fees so the only money they take is 0.15% of your profits at the end of the quarter.
you have 1000 dollars to invest
You buy 7 stocks on e-trade - cost(49 dollars)
You make 100 dollars of profit
You sell 7 stocks on e-trade to reap the profit - (49 dollars)
At the end of the year you have 1002 dollars and have made a net return 0.2% with a nominal return of 10%
Same situation except you buy 7 etfs on vanguard
you make 100 dollars profit
you sell 7 etfs on vanguard to reap the profit
you end the year with 1098.35 a net return of 9.835% with a nominal return of 10%
In this scenario transaction costs are $98 or 98% vs. .15 or .15% of profits.
Me -Phil left the site in my charge. I have a recorded phone conversation to prove it.
kohai -If you're the owner, then do something useful like ip block him and get us away from juggle and on a dofferent host!
Me -haha you apparently don't know my history
Kohai - Maybe not, but that doesn't matter! You shoukd still listen to your community and quit being a tyrrant!
Me - i was being completely sarcastic
Kohai - then u misrepresented yourself by impersonating the owner—a violation of the tos