Re: PLEASE DON'T DO IT - Re: Minimum to Open Online Trading Account

Words of wisdom sarp. And I do know a lot...
Richard

"sarp" <the_sarp@xxxxxxxxx> a écrit dans le message de
news:1146360141.880008.37590@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Tony Sivori wrote:
I'd like to take a gamble and buy $250 or so in Delta Airlines stock
(DALRQ.PK). It will be my first stock purchase. Yes, I can afford to
lose
all $250.

My questions are, Scottrade seems to require a $500 dollar minimum to
open
an account. Is there any reputable online trade company that will let me
open an account for less, preferable for $250? I don't need a service
that
executes trades in seconds, and I won't be doing any day trading nor
will
I need real time access to the prices.

Second question, I don't want the account associated with my checking or
savings account. Will I be able to open the account with a prepaid
credit
card (it's actually a debit card with the MasterCard name on it) that I
use for online purchases?

--
Tony Sivori


I don't know much more than you do, but I would strongly advise you NOT
TO TAKE A GAMBLE.

Stock investment or trading should be based on a lot of research and
observation of the market.

Do not buy this stock. Even the best investors like Warren Buffet will
advise against airline stock.

NEVER INVEST WITH CREDIT CARD MONEY. Even if your stock goes up, your
interest on the card will eat up the gains you make.

Investing or trading in the market is not safe, and it is not for
gamblers.

You can open a savings account at ING and possibly other places
offering almost 5% yearly interest.

I would suggest you go to the library and back the truck up for basic
books on the stock market.

Your first obligation is to learn "money management."

sarp



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