Anyone of you folk dabble in stocks at all? I am trying this investing gig out with a few spare bucks...

Would like to hear out any platforms / tools you use?

  • 1
    Comment for notifications
  • 0
    Due to how the stock market works with commissions, it's often quite hard to get into with a small amount of money (other than havering a broker do it for you).

    Forex is similar, but generally seen as higher risk/reward, and you can get into it with a lot less money. Might be worth a look
  • 1
    *rant* Arrrgh, just deleted a comment in devRantron again by mistake!!! */rant*

    As I just typed...

    @ItsDuckyyyy This is mostly true, I bought a few stocks via my online banking, but all they really do is contact a 3rd party broker and the chain just gets longer and the fees get higher.

    That being said, a quick internet search reveals a number of comission-less platforms like https://www.robinhood.com/

    What's the catch? O_o
  • 0
    @olezhka didn't know things like this were well, a thing. it's a $6 a month fee so it would be much better for short term trading than long term investment, as you don't pay for the individual trades.
  • 0
    @ItsDuckyyyy You know 72$ a year is like the same as up to 5-6 transactions (buy or sell) with my online bank/broker combo. So this sounds pretty good, actually. Even with long term investing, I feel that I would want to have up from 10 transactions a year. Things like adding to a position, or closing part of position. Seems legit...
  • 1
    @olezhka yeah true, one of the things you need to look at is how much money you expect to make, as if it isn't going to be over 72 a year, it wouldn't be worth it. Really, you just need to start off with enough money (which is often a big issue)
  • 0
    Try acorn. I've made a whole dollar!
  • 0
    Following this bread.
  • 1
    Robinhood is a really great app for diy traders! Subscribe to r/stocks and r/personalfinance for lots of advice. r/wallstreetbets for memes and crazy advice.

    If you don’t want to diy then the company Vanguard usually has the lowest fees for Roth IRA’s and mutual or index funds.
Add Comment