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Financial Products & Services / Discount Brokers


Subject:  Re: Selecting a broker Date:  7/29/2012  1:41 PM
Author:  pauleckler Number:  49989 of 50341

Start at the Find a Broker page under the How to Invest tab from the home page.

Small minimum balance can be a problem. And with trades costing $7 or $8 you will want to watch that commissions don't become a major item. 2% or less is usually best. That implies a $350 minimum investment.

For smaller amounts, dividend reinvestment programs can work well. They allow you to buy more of the same stock for a proportionate share of the commission.

I am not up to date on this aspect, but there have been Sharebuilder programs that let you work with smaller sums. Perhaps others can provide details or suggest others.
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