Quote from I Trade 4 Money:
What kind of a question is that?
Look at the benefits of Interactive Brokers compared to Scottrade.
Margin rates:
Interactive Broker: 6.789% for under $100,000
Scottrade: 10.25% for $10,000.00 - $24,999.99
10% for $25,000.00 - $49,999.99
Commission rates:
Interactive Broker: .005/share
Scottrade: $7/trade
Quotracker. Only $60 for the whole year.
How can I NOT be happy with the amount of money I'm going to save? Also, I'm basically not touching this account until it grows to $110,000, where I might consider pulling out $10,000 so I can have fun with it.
Quote from eagle488:
Now I will tell you how to get rich.
Find a bunch of different stocks right now that you believe will appreciate in value and last over 10 years. Exciting stocks like Coke or Pepsi OR buy some etfs which mirror the S&P/DJIA. Throw your cash at them through websites like www.computeshare.com or www.sharebuilder.com.
Next dont make stupid spending decisions. Put away every dollar you can find even if it means eating ramon noodles. No nice new expensive cars until later in life.
Yep, this is how you become rich. Oh, you were thinking that you would hit it big trading? No, no my friend. Trading goes both ways. You can win big and lose big.
Do yourself a favor and start right now as I said above and lose any ideas to get rich quick...
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