I have no idea what discount broker to use
My friends and I are starting an investment club.
Pretty small time at the moment.
Out club is going to be modeled as such:
Long term buy and hold
purchases of 1-5 stocks a month
Some of the purchases will be the in same stock
Dividend reinvestment would be a plus
Monthly purchases would total $200 a month (Unless for some reason we sell a position (not really club objective) and have a lot of additional cash)
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Buy and Hold seem to carter to long term investing, but slap you for $15 for a real time order
Same with Sharebuilder
The upside to those is that they have low monthly costs for our club, and we'd get 2 trades for cheap.
Scottrade looks nice at $7 a trade, but sadly no reinvestment.
Any other I'm missing, or thoughts from the crowd?
Sarge[img]/images/graemlins/diamond.gif[/img]
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