The Motley Fool Discussion Boards
Financial Products & Services / Discount Brokers
|Subject: Re: Selecting a broker||Date: 7/29/2012 1:41 PM|
|Author: pauleckler||Number: 49989 of 50157|
Start at the Find a Broker page under the How to Invest tab from the Fool.com 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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