Ok guys, you've helped me out with tons of car stuff and all types of GRM like things.
No I need some advise on grassroots online trading. I'm looking into buying stock in a company of which I know the owner. I've never played the stock game but I think it would be fun to try.
Any tips on who to go with and how much they cost? I would only be making this one purchase for now and don't really plan on any more for some time. Any help would be awesome!
In reply to 1slowcrx:
First, I assume this is a publicly traded company?
ETRADE or one of the other online brokers are a great way to buy stocks. You can transfer money from your bank account to either a trading account or various retirement accounts (e.g. IRA or ROTH IRA)
But 'buying stock in a company of which I know the owner. I've never played the stock game but I think it would be fun to try.' Is a great way to loose money by the sounds of it.
There are thousands of books on investing rules, practices, strategies etc. A great starting point are one of the many personal finance books, or if you want specific stock investing (not speculating or trading) advice I'd recommend 'Rule #1' by Phil Town
lol, yeah the stock is only 30 cents a share so it's not a big investment. Just something to play with.
thanks for the thoughts though
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