I have about $50 a month to invest (LT of course).In the arena of buying individual stocks, say I have 5 stocks that I really like, what would be the best way to establish positions in each of the five for the long term? Buy $50 of one each month? Buy $10 each every month? Just what is the best way? Also, my current brokerage fee is $8 per trade. Thx RB
Also, my current brokerage fee is $8 per trade.I would not use a normal broker for these types of trades. It is better to DRIP if you are investing $50 monthly. Two good places to setup an account for this type of investing is sharebuilder.com and buyandhold.com.About the other question $50 in 1 or $10 in 5 stocks each month... If you use buyandhold, I think they charge $2 per transaction, so if you only did $10, that would be a 20% commission - ouch. If you did $50 each month, then that is only a 4% fee, which is more reasonable.Good luck,the hendrys
If you set up EZVest with B&H, you can get away with $1.99 trades. I would try that above anything else.
I beleive you will be best served Dripping direct with the companies you choose if they offer a free Drip program. Why spend even $2 when you don't have to?Check out the drip port here at the Fool. The drip investing basics board is a good place to start.Good Luck Gary
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