This is an awesome thread ..... one that I am enjoying and learning from. It's right up there with the "12 Gauge Garage" in addiction rating!!
My 401K is in a mutual fund, and I have a couple of small annuity accounts - one each for my wife and I. The stock market has always seemed so complicated, mostly due to the input from the few friends that I have who buy stocks. I've thought about opening an stock account for years, but have always been too intimidated.
I've looked thru the Schwab and etrade websites and setting up an account seems pretty straightforward. $1K minimum to open the account, and it seems like you're off and running.
So, Is it really this simple?
It's $8.95 for every trade. Does that mean that every time I add $ to my account to buy more stock, it costs me $8.95? Or is a "trade" only selling a stock?
I think that I read that there is a minimum number to trades that I have to complete on a yearly basis?
Again .... really that simple? Choose a known stock with increasing value over the last 10 years and hop in the game?
Where is the magic?
