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New to Stocks, how Do I start??


necrosaro420 said: "Hello. Im looking to purchase some Sirius Satalite Radio stock, but I have no clue where to begin. I would prefer purchasing online, since I work the night shift, going out to an actual buisness would not fit into my schedule. Most places that I seen, require you to open with a 500$ or more. It would take me 6 months to actually save that much up. Im looking to say purchase 5 or so stock's every 2 weeks's or so (10/month). So here's what im looking for I guess, 1) What type of an account would I need, and what is it called? (Just to purchase/sell stocks) 2) Where is a place that I could open an account with very little (50-100) to 0 money when opening an account? 3) A Place that I could pay with a credit card when I wish to purchase more stock. 4) I know im going to have to pay 10-15$ flat fee per trade, which is not a problem. 5) Any other information you might have =) Im totally new to this and have no clue about anything reguarding it. Thanks Alot!"

HappyHarry said: "Hello, Luckily, there is a brokerage that can do what you want. Check out [url=http://www.sharebuilder.com]ShareBuilder[/url] You can save money weekly and pay a small transaction fee for your purchases. BTW, welcome aboard."

fivaxis said: "Sharebuilder is where I started, it's ok but there's a lot of stocks that you can't buy with them. You need to realize that it's better to buy a lot of stocks at once otherwise it takes a large gain just to make the commission back. I learned this by starting off buying just a couple shares."

HappyHarry said: "The other problem with Sharebuilder is if you sell shares. You have to figure out your average cost, and they don't provide you with it. You have to add up all the partial share purchases."

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