[ale] OT: Stock Traders?

[Christopher Fowler]

I think E-Trade is $19 per purchase no matter the size.  I've got a buy
order out on RH but it has not executed yet.


On Thu, 2003-04-24 at 23:13, Zack wrote:
> But my point was that there are often flat fees for trades (and selling 
> too as someone else pointed out) and often monthly or quarterly account 
> maintenance fees for such small sums of money.  Since these are flat 
> amounts, the less money you invest (or the more often you trade) the 
> larger the percentage of fees you pay on your money, making a good 
> return less likely.  I do agree with your point though, I believe the 
> stock market is generally a better investment than gambling, just not 
> for that sum of money.
> 
> I actually had to close an account recently as the declining stock 
> market made account fees kick in.  I started getting nailed a flat fee 
> that just hastened the decline of my account (as if the stocks weren't 
> falling fast enough on their own).  If I didn't close out the account, I 
> would have probably OWED them money soon. I got about a $15 back.
> 
> Zack
> 
> Kilroy, Chris wrote:
> 
> > long term investing in the stock market is a lot better than gambling, 
> > unless you are looking for short term returns, but even still it is 
> > still better odds :)
> >
> >
> >
> > ->-----Original Message-----
> > ->From: Zachary Link [mailto:zack at the-links.net]
> > ->Sent: Thursday, April 24, 2003 3:25 PM
> > ->To: ale at ale.org
> > ->Subject: Re: [ale] OT: Stock Traders?
> > ->
> > ->
> > ->If you start with $150, and pay a $10 fee, you need to gain
> > ->7% to break
> > ->even.  If there are acount maintenance fees for such a small sum, then
> > ->your $150 could be gone in less than a year. That small
> > ->amount of money
> > ->might not be worth it.  My guess is that a nice dinner out with a date
> > ->would be money much better spent.
> > ->
> > ->Zack
> > ->
> > ->
> > ->
> > -><quote who="Robert L. Harris">
> > ->>
> > ->>
> > ->> Anyone here do any day trading as a hoby/investment?  I've
> > ->got a little
> > ->> ($150) I can play with in stock and thinking of just
> > ->messing with it.
> > ->> Looking for some tips, good news sites, etc.
> > ->>
> > ->> Robert
> > ->>
> > ->>
> > ->> :wq!
> > ->>
> > ->--------------------------------------------------------------
> > ->-------------
> > ->> Robert L. Harris                     | PGP Key ID: E344DA3B
> > ->>                                          @ x-hkp://pgp.mit.edu
> > ->> DISCLAIMER:
> > ->>       These are MY OPINIONS ALONE.  I speak for no-one else.
> > ->>
> > ->> Diagnosis: witzelsucht
> > ->>
> > ->> IPv6 = robert at ipv6.rdlg.net http://ipv6.rdlg.net
> > ->> IPv4 = robert at mail.rdlg.net http://www.rdlg.net
> > ->
> > ->
> > ->
> > ->_______________________________________________
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> > ->Ale at ale.org
> > ->http://www.ale.org/mailman/listinfo/ale
> > ->
> >
> 
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