Forum | Old School Value

Mon, 22 Mar 2010 02:54:34 +0000

Interactivebrokers.com is one that i use. It charges 1$ per trade upto 250 shares. I have not tried penny stocks. They are one of the largest broker dealer and are publicly listed company. you can trade options, futures ,currencies and many other country stocks.

Forum | Old School Value

Wed, 24 Feb 2010 16:54:37 +0000

Haha thanks.

Who knows, maybe one day, but for now, I sleep much better at night not touching other peoples money.

Forum | Old School Value

Tue, 23 Feb 2010 14:43:29 +0000

Thanks a lot Jae.

What does your future hold ? Will you be managing other people's funds one day ?

I think that it is clear that you should.

Cheers.

Forum | Old School Value

Tue, 23 Feb 2010 13:12:02 +0000

I have 2 accounts. My 401k which is self run and what I use for everything on this site and a smaller $2000 portfolio on Tradeking.

If the stock price is above $1, my 401k I pay $7.95 on commission and tradeking charges $4.95. If you try to buy penny stocks, expect huge fees. Tradeking wanted to charge $50 in commission for when I tried to buy some real cheap stuff. Very annoying and I want to switch away from them because of this.

Sogotrade looks to be the best at the moment. Flat $4 I believe, no matter what the share price. No minimum for the discount brokerages.

For test portfolios, I just use tickerspy or marketguru. Or just use the google investment spreadsheet that I have available on the site.

Forum | Old School Value

Tue, 23 Feb 2010 10:21:38 +0000

Hi Jae,

First off, hell of a site.

Secondly, what discount brokerage do you use to hold you portfolio(s)? If you don't mind, could you let me know what you pay for an average transaction, and is there an account minimum?

Also, what is your favorite site to set-up practice portfolios ? (fake cash)

CHeers.