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Old 06-21-2005, 02:30 AM
DesertCat DesertCat is offline
Senior Member
 
Join Date: Aug 2004
Location: Scottsdale, Arizona
Posts: 224
Default Re: Practical advice

The cheapest way to trade online is not to do it. Commissions are tiny cost compared to making poor decisions and losing large portions of your nest egg.

Now maybe you are an investing whiz, so don't take my advice the wrong way, but since you are asking about the simplest and most inconsequential factor in your investing success leads me to believe you are a novice.

If so, you have two choices Buy index funds and low cost bond funds in a reasonable proportion for your time horizon, or search this forum for book recommendations and start reading. Probably doing both is a good idea.

FYI, Ben Graham's books aren't the easiest reads, but IMHO he's the best place to start along with anything by or about Warren Buffett.
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