Looking for suggestions on apps/firms/online trading for first timer. Just wanting to start playing around with stock trading. Not getting in deep, just get my toes wet in the kiddie pool. What's an easy site for a beginner to use?
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want to start playing stocks
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Welcome to the wormhole.
I use ETrade, it is simple and has lower cost. Not free trading, but simple to set up and navigate. Over the years I have used Fidelity and Vanguard, these systems were clunky at best.
I also have Robinhood and Coinbase accounts to chase Crypto. (I would not recommend this as a start-up but others may.)
Do your own diligence, there are lots of pumpers out there who are only looking to bump numbers short term. You start chasing those and your pool will evaporate.
Good luck!
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It would be in your absolute best interest to go to vanguard.com open a Roth IRA and a Brokerage account. Move $6000 into the Roth IRA and every extra dime into the brokerage account.
Once the accounts are open and funded buy shares of VTI which is a total market index meaning you are buying small pieces of every company in the US. Every month move more money to the brokerage account and buy more shares of VTI. Then next year move $6000 more to the Roth account. Rinse and repeat.
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Originally posted by scott123456789 View PostIt would be in your absolute best interest to go to vanguard.com open a Roth IRA and a Brokerage account. Move $6000 into the Roth IRA and every extra dime into the brokerage account.
Once the accounts are open and funded buy shares of VTI which is a total market index meaning you are buying small pieces of every company in the US. Every month move more money to the brokerage account and buy more shares of VTI. Then next year move $6000 more to the Roth account. Rinse and repeat.
I second this message
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Originally posted by scott123456789 View PostIt would be in your absolute best interest to go to vanguard.com open a Roth IRA and a Brokerage account. Move $6000 into the Roth IRA and every extra dime into the brokerage account.
Once the accounts are open and funded buy shares of VTI which is a total market index meaning you are buying small pieces of every company in the US. Every month move more money to the brokerage account and buy more shares of VTI. Then next year move $6000 more to the Roth account. Rinse and repeat.
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Originally posted by Onski69 View PostI don't have that kind of cheddar right now. 2 little kids just starting school and wife finishing up her Master's degree and I'm the sole income and run my own business. Good advice for when the wife graduates here in a year and a half or so though. Thank you. I've actually heard that or something very similar to that not long ago.
You aren’t going to win the r/wallstreetbets game, get into VTI expect 5-10% growth of that money annually and you will be far far better off in 10 years.
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