what's up YouTube this is Ryan Hildreth
coming to you from the sunny sky back
here at my apartment and this marks
series where we're going to talk about
online brokerage accounts and how do you
open one up so basically an online
brokerage account is where you're gonna
go to purchase your stocks your
investments they're gonna provide you
with you know the tax forms at the end
of the year for any capital gains that
you get any dividends that are paid to
you and dividends will be paid to this
account as well so when choosing a nut
broke when choosing a brokerage account
you got to look at certain things I'm
gonna list off the brokerage accounts
that I like to use in order of their
fees so when buying a stock when
purchasing a stock they're gonna charge
you a fee per trade per transaction but
I'm gonna list off the cup the companies
the brokerage account firms in order of
their fees so number one is Robin Hood
number two is trade king number three is
options house number four is TD
Ameritrade number five is e Trade and
I've used all those firms so number one
Robin Hood okay
this company is a newer brokerage firm
they charge zero they have zero
transaction fees meaning you could trade
stocks you could purchase stocks for
zero they're not going to charge you
the benefits of this is that you know if
you're purchasing one share at a time
for a company you know like let's say
every month you want to buy you know
every week you want to purchase a $20
stock so you decide to put $20 in you
know they're not going to charge you per
transaction they're not charging you
anything so I say if you're an investor
from your a beginning investor you know
start off with Robin Hood you know you
only have a hundred bucks to invest just
start off with Robin Hood zero fees
really easy to use they have a app on
your phone very simple
modern and easy the downside of having
zero fees is that they're not going to
provide you with you know data analytics
research analyst reports you can't put
in limit orders meaning if you want to
stock at a certain price that day you
can't put in that order you you could
only purchase at a market order meaning
they're gonna fill you at whatever price
the stock is trading at at that
particular particular moment so that's
the only downside of having a Robin Hood
account is that you can't put in limit
orders and you don't have all the nice
features like analysts reports and data
analysis and certain tools like simple
moving averages and stuff like that so
but Robin Hood is good for the beginner
investor so I recommend starting off
with that if you have a limited amount
of capital to invest now I'm gonna jump
in to number four TD Ameritrade which is
my favorite their commissions are there
fees per transaction is $7 but I feel
that they have the best platform out
there so you know they have the
thinkorswim platform which is provides
amazing research data and data analytics
and like good you know tools that you
can use on charting and chart pattern so
I suggest TD Ameritrade is the best go
to the
of all the extra additional stuff they
have and their fees are low which is
$7.00 per transaction whereas an e trade
account they're gonna charge you ten
dollars per transaction which I feels
way too high because if you're buying a
ten dollar you know a twenty dollar
stock or $30 stock and you're paying ten
dollars alone in transaction fees you
know that's really killing your
investment game so I would stick with
either Robin Hood if you're a beginner
and have a limited amount of capital and
you're just starting out or TD
Ameritrade which has seven dollar fees
which isn't too high but you're gonna
have like all these research and analyst
reports and all the tools that you'll
need to find the particular investments
you're looking for options house and
trade king are a little bit better they
have five-dollar fees which is you know
two dollars lower but their research and
things like that their tools aren't as
good as TD Ameritrade so I would have to
go with TD as being number one the
number one brokerage firm to use you can
log in TD Ameritrade com or you're going
to go in Robin Hood comm to go that
route
you could also find the app in the App
Store but if you have any questions on
how to set up your brokerage account
email me at Ryan Hildreth rh at
gmail.com and I'll get back to you thank
you
#Best Education Page #Online Earning
online earning,make money online, earn money online, online earning, online earning sites,
make money online free, online money income, earn money online free, money online, best way to earn money online, online income site, money earning websites, best online earning sites, easiest way to earn money online, earn money payment bkash, online money income site
Posts
No comments:
Post a Comment