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    All Forums | Investments

    investing seems to be a big pain in the behind!!

    JB2275
    wallstreetcappers
    mikey22222
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    JB2275
    JB2275
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    Posted: Jul. 23, 2008 - 7:09 PM ET #1

    I am confused. There are a few stocks out there that I wanted to dabble in, such as bofa stocks and other financials.
     
    Well, the thing is, it's not like I have a shit load amount of money to invest. (primarily because I'm dumping it all into baseball, lol)
    Anyways, I was thinking of just putting like 100 bucks every two weeks into some kind of online brokerage account and invest into some stocks that I like, as well as ETF's.
     
    The thing that is bothering me is, just to buy stock, is going to run me what, 9 to 20 bucks? (or something like that) On sites like ETRADE. What pisses me off, it feels like for every 100 invested, I'm losing say 10 bucks right off the bat.
     
    Ok here's the question. What should I do. Should I not worry about the fees, and just stick a 100 every two weeks into some stocks that I like, or wait and drop a larger amount? What's killing me is, I sit back and watch some of these stocks such as BofA's go up from 19 bucks to 32, and I have nothing invested, because I'm thinking about the fees.
     
    This shit is driving me nuts. what's the best option out there. Like I said, invest a little every two weeks, or save up and drop a substantial amount.
     
    any help is greatly appreciated, thanks!
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    To remove first post, remove entire topic.
    I am confused. There are a few stocks out there that I wanted to dabble in, such as bofa stocks and other financials.
     
    Well, the thing is, it's not like I have a shit load amount of money to invest. (primarily because I'm dumping it all into baseball, lol)
    Anyways, I was thinking of just putting like 100 bucks every two weeks into some kind of online brokerage account and invest into some stocks that I like, as well as ETF's.
     
    The thing that is bothering me is, just to buy stock, is going to run me what, 9 to 20 bucks? (or something like that) On sites like ETRADE. What pisses me off, it feels like for every 100 invested, I'm losing say 10 bucks right off the bat.
     
    Ok here's the question. What should I do. Should I not worry about the fees, and just stick a 100 every two weeks into some stocks that I like, or wait and drop a larger amount? What's killing me is, I sit back and watch some of these stocks such as BofA's go up from 19 bucks to 32, and I have nothing invested, because I'm thinking about the fees.
     
    This shit is driving me nuts. what's the best option out there. Like I said, invest a little every two weeks, or save up and drop a substantial amount.
     
    any help is greatly appreciated, thanks!
     
    JB2275
    JB2275
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    Posted: Jul. 24, 2008 - 12:05 PM ET #2

    any help here? shall I invest small at say two week intervals, or save and invest large, due to the costs?
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    any help here? shall I invest small at say two week intervals, or save and invest large, due to the costs?
     
    wallstreetcappers
    wallstreetcappers
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    Posted: Jul. 24, 2008 - 12:17 PM ET #3

    If you want to cut down on comish fees, go with a place like Scottrade at 7 bucks per trade.

    What you might do is if the ammounts to invest are small, deposit them and wait until you get a larger figure, but get in practice of doing regular deposits to invest. Actually PUT the money in the brokerage account rather than earmarking funds in your bank account, that way it is in there and cannot be touched as easy and you dont miss it so much.

    Then when you get a figure that you feel makes sense you can invest it, in the mean time it earns interest in the brokerage account.
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    If you want to cut down on comish fees, go with a place like Scottrade at 7 bucks per trade.

    What you might do is if the ammounts to invest are small, deposit them and wait until you get a larger figure, but get in practice of doing regular deposits to invest. Actually PUT the money in the brokerage account rather than earmarking funds in your bank account, that way it is in there and cannot be touched as easy and you dont miss it so much.

    Then when you get a figure that you feel makes sense you can invest it, in the mean time it earns interest in the brokerage account.
     
    mikey22222
    mikey22222
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    Posts: 535
    Posted: Jul. 24, 2008 - 1:24 PM ET #4

    You need to look at the long term picture and then stay with you positions.  Obviously the economy is going in the crapper for a while. The most recent bubblue was commodities. Their bubble has popped. I like to use ETFs to invest with and keep it simple. In 1 year the oil and all the commodities market will be a disaster because that is what everyone is in.  If you believe this senario then buy the DUG ...short oil index... and the SMN.. short the basic materials index and hold for at least a double probable a triple. They are volitle and youw will be tested but buy any hit and hold. But my best advise is to not invest because you are dealing with the DEVIL and the illusions that they create will turn you upside down..It is best to STAY AWAY...A Friend
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    You need to look at the long term picture and then stay with you positions.  Obviously the economy is going in the crapper for a while. The most recent bubblue was commodities. Their bubble has popped. I like to use ETFs to invest with and keep it simple. In 1 year the oil and all the commodities market will be a disaster because that is what everyone is in.  If you believe this senario then buy the DUG ...short oil index... and the SMN.. short the basic materials index and hold for at least a double probable a triple. They are volitle and youw will be tested but buy any hit and hold. But my best advise is to not invest because you are dealing with the DEVIL and the illusions that they create will turn you upside down..It is best to STAY AWAY...A Friend
     
     
    JB2275
    JB2275
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    Posted: Jul. 24, 2008 - 2:59 PM ET #5

    my buddy told me about a site called zecco to trade on. it looks like their fees are like 4.50 per trade.
     
    anyone know of this site, if it's any good or not. I really like etrade, but it's costly. maybe i'll go the scottrade route too
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    my buddy told me about a site called zecco to trade on. it looks like their fees are like 4.50 per trade.
     
    anyone know of this site, if it's any good or not. I really like etrade, but it's costly. maybe i'll go the scottrade route too
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