Cheapest way to trade stocks
USA TODAY financial markets reporter Matt Krantz answers a new question every weekday at money.
No one can predict where stocks will go the next day, month or year. But one thing you can control are the fees you pay to invest, which can play a huge role in your performance. There are a number of ways to inexpensively buy stocks. I will cover the most common here:. Direct stock purchase programs. These fees are fairly reasonable. But as good as these programs are, there are drawbacks. First, to create even a slightly diversified portfolio you'd need accounts with dozens of companies.
Managing all those accounts would be problematic. Next, not all stocks you're interested in have direct-purchase programs.
Last, all the programs are different, so it's difficult to remember the rules and fees of each. You can see which companies offer these programs at websites like: If you're a long-term investor, there are services that can help you be successful and lower your investment costs.
The online brokerage has no minimum investment, lets you invest any dollar amount and doesn't charge annoying inactivity taxation of stock options in brazil. Best of all, ShareBuilder. In one trade with ShareBuilder, you can create a diversified portfolio using an ETF. It would cost many times more than this to do the same thing with direct stock purchases.
Some low-cost investors swear by direct stock programs and think brokers are a bad deal. But the deal offered by ShareBuilder proves these skeptics wrong.
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But while the strategy is similar, the way to get there is different. This is a fine option for someone looking to move in and out of stocks more frequently.
But the monthly charges will add up quickly. If you do think you'll make at least two trades a month, BuyandHold. What's the best answer? It depends on how you want to invest. With the information above, you can make your own decision. Matt Krantz is a financial markets reporter at USA TODAY. He answers a different reader question every weekday in cheapest way to trade stocks Ask Matt column at money.
To submit a question, e-mail Matt at mkrantz usatoday.
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