... He told me a great place to start was BuyandHold.com.
I looked into it and found that for a minute investment of $20/month, you can purchase stock. If you choose what they call EZ Vest, it's only $1.99/trade otherwise it's $2.99/trade. If you sign on for their unlimited trade option, ... Read review
Advantages: easy to use, inexpensive, informative Disadvantages: none--unless you don't want to invest in anything
I am new to the online investing thing. OK, I admit, I'm new to investing of any kind, period. When I realized I was getting older and needed to do something about the fact that I had no real plan for retirement, I asked my brother about online investment. He told me a great place to start was BuyandHold.com.
I looked into it and found that for a minute investment of $20/month, you can purchase stock. If you choose what they call EZ ... ...sign on for their unlimited trade option, it's a $9.99/month fee, but trades are unlimited. I found the cost of this service to be quite economical and the site is so easy to navigate.
Next thing I found great was the fact that all the information provided on the site was set up for the beginning investor. There are tons of articles written on several ways to invest and whether you should do long term investment or short term, they ... more
I am new to the online investing thing. OK, I admit, I'm new to investing of any kind, period. When I realized I was getting older and needed to do something about the fact that I had no real plan for retirement, I asked my brother about online investment. He told me a great place to start was BuyandHold.com.
I looked into it and found that for a minute investment of $20/month, you can purchase stock. If you choose what they call EZ Vest, it's only $1.99/trade otherwise it's $2.99/trade. If you sign on for their unlimited trade option, it's a $9.99/month fee, but trades are unlimited. I found the cost of this service to be quite economical and the site is so easy to navigate.
Next thing I found great was the fact that all the information provided on the site was set up for the beginning investor. There are tons of articles written on several ways to invest and whether you should do long term investment or short term, they define all the stock market language, give information on good stocks to start out with and what type of portfolio you can build. In addition to all the information, if you set up a regular account, you can add a custodial account free of charge! That's a great deal for a college account, I think.
So, I have been dealing with BuyandHold for three months now and I purchase $25/month in stock. Sounds like a small amount and it is, but that's the beauty of it. I can purchase partial shares and just keep investing and re-investing the dividends, and it's a small investment each month so I barely miss it. It's even easier to miss if you use their BankLink automatic withdrawal--it's free, also. I figured it out and compounding interest over time (I'm into the long term investment strategy) can really add up! Take a look and see what you think.
