New to Trading... Am I taking the right steps?
I have $1000 to make an initial investment. I was going to use Etrade as a broker, but it seeems that Ameritrade is more popular on this forum. Is there a reason for that?
I am a novice by all means and plan on doing some simple investing. If I were to buy shares of ETFs with this money and add shares on a monthly basis, would it be worth the cost of buying shares? It almost doesn't seem like it to me, but I have never done any investing outside of a savings account. Is there a more successful strategy when trading ETFs? Would you recommend a different way to invest the money like mutual funds/ index funds? Also from what I am finding on Vangaurd and Fidelity, $1000 is too little of an initial investment for their mutual funds.
-dR
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