Stocks, Investing and Retirement Accounts
- Thread starter Ludacris
- Start date
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- Tags
- finance investments money stock
So... interesting to see that for the first time in recent memory Apple held an event about upcoming products and their stock went down. Apparently the mob mentality that everything they release is the most innovative thing ever has finally faded, at least on Wall Street.
Mine is through Scottrade. You can start up a couple different ways but you must fund your account initially. I just sent them a check with the amount that I wanted in my account. You can link it up with your checking account too but I really didn't want to go that route at the moment. Once your account is funded, you can trade freely. Scottrade has 7 dollar trades which is about the cheapest. So if you want to drop 5 grand on shares of DDD, it would cost you 7 bucks on top of the money for your stock. It will cost another 7 bucks when you go to sell. They charge a little more for penny stocks but I think its around like 8 bucks for those. Pretty easy process really.
Well you don't worry about taxes until you sell. All of your transactions are recorded so you just give that info to your tax person or do it yourself. Now day trading would be extremely tough to keep track of i would think. But a few trades here and there, no problem.
You can anytime as long as the market is open. Also, you can set limits in which to buy or sell stock. Say you want to buy shares at 10 dollars but its currently at 15 dollars. You can set it to automatically buy X amount of shares when it goes down to 10 dollars. Works the same for selling. You can set it to sell at a price that you want so you don't have to watch it constantly throughout the day. There is no penalty for early withdraw. Think about day traders, they buy something and sell it 5 minutes later if there is a profit to be made.
So funny story, a young coworker kid just stopped by. He has a red plastic knife with him. He's like I just printed this. I'm like you have a 3D printer at school and he laughed. He said no he bought one for home. I asked him what he bought and he said "Makerbot", the company I was thinking of. If was a full swiss army knife with pull out blades and even some of the blades were serrated. I didn't get to talk to him long, I will when he comes back. First 3D thing that I have seen printed before though. It was pretty sweet.
