Expanding off of:
exchange2000.com
Yep, its hard for me to keep things to the point. :-)
I use a "live" broker - A.G. Edwards. I'll pay anywhere from $40 to $100 to execute a trade depending on the number of shares and the price of the stock. I don't like the idea of on-line trading. If there is a problem, I want to know that I can throttle someONE, not someTHING. I realize that the pro's probably far out weigh the con's, but I'm not the kind of guy that likes change once I'm happy with knowing how something works. What can I say, my way works for me.
Regarding higher priced stocks versus lower.
True, if one buys a whole lot of a lower priced stock, one can make more money on the upside. However, low priced stocks are usually just that for a very good reason, one being because they could also go nowhere fast in slow hurry. So IMO, volitility with a higher number of shares traded on average has its advantages.
I don't mind buying an odd-lot of stock, although I prefer at least a 100 shares of anything I buy, but that just isn't possible at times. Take just about any high flying internet stock, say EBAY, and consider the value of your holdings had you only bought 20 shares last Sept. I recently bought 20 shares of GNET at $122. The stock went up about 30 points shortly thereafter. Hey, I didn't make a lot of money, but bottom line after commissions both ways, I MADE MONEY. Thats the name of the game, IMO.
Enjoying,
Mike (Somebody stop me, I can't shut up!) :-) |
