Best Discount Broker For My Situation?
I am just getting into stock trading and have red a few books. Or actually, I am still in the process of reading a few good books. I have an idea of my stock strategy, but would like to know the best discount broker for this strategy.
My strategy is basically a growth and value investing strategy. With this trading strategy I will likely buy/sell a few stocks per month. Definitely not day trading. I might buy some stocks that fit my criteria and then also buy more of that same stock when it goes down in price and still meets my criteria.
I will also probably not use my broker for most of my research, but an outside source. So really I just need a broker strictly for the trading. So I am wondering what the best "bang for my buck" would be in this situation.
Any and all help will be greatly appreciated.
Thanks everyone.
Answers:
For the quality of research and tools available, I'd recommend Fidelity or Schwab.
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You did not say where you live. If you are in Canada, TD Waterhouse (formerly called Green Line is the best). I personally invest with them. Their prices are reasonable and their services are good too. You can place trades either directly with an Investment Rep, on the Web-broker (online) or Telemax an automated touchtone telephone system that has not let me down yet. They also have a voice- telephone system now.
To set up a new account, I would suggest that you go into a TD Canada Trust branch or a TD Waterhouse office if one is close to you. Both can open up an account for you.
http://www.tdwaterhouse.ca/
If you are in Canada. I would recommend Etrade or TD.
If you are in the states, I would suggest Fidelity. Their service is escellent.
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