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. . . I plan to begin at about 5-7 trades a month initially and after I gain some confidence probably about 10-20 trades a month. . . .
i plan to buy stocks to own them. i didnt mean to use the word trading. can the websites that people have recommended also be used to research mutual funds? thanks for the input so far.
Either you have a few hundred million dollars to invest or the first point is inconsistent with the second. That is a lot of activity for someone who is buying stocks to own them. I use TD Waterhouse because they were Ameritrade which was Datek and also Vanguard, though I don't have real great reasons for sticking with Vanguard other than a little safety from diversification. TD Waterhouse is fine. I get some fees waived for various reasons but those are infrequent. I have only had one big execution screw-up and they unwound it without complaint (though I would have preferred the lost profits I would have had). Commissions are low enough. I wouldn't trust the zero commission guys though haven't investigated enough to tell you why. The dollar amounts are too small to bother with as $150 would be a heavy commission month for me. Most months are closer to $30-$50 or less (Edit: I just checked - since January, I have paid $100 in commissions, all of which was in the last two weeks).