Where can i sign up?

[nickwadden]

To start buying/selling stocks.

i seen on E-Trade.ca (im canadian) that you have to fill out what seems like a bunch of forms. Is this for every one? Like every site that can be used? If so, then cool I would just prefer not to do that much printing and mailing it. Much rather fill out forms online.

Anyone have suggestions? Thanks.

[NY Mane]

Are you a buy&hold investor or do you plan to buy and sell on a daily and weekly basis?

I use Share Builder because the ETFs I buy will be in my portfolio until 2035-2040.

[nickwadden]

i have no clue what you're talking about and if im wasting your time im sorry. Is the stock industry more complexed than i imagined?...

[NY Mane]

no time wasted, i love this stuff...there are people who work 1/2 the time we do and make double and triple our salaries in the stock market

(1) What is your investment goal?
(1a) Do you need this money in the short term?
(1b) Do you need this money in 10 plus years?
(1c) Do you need this money in 20 plus years?

(2) Can you accept high risk with a high return?
(3) Are you comfortable with moderate risk?
(4) Are you comfortable with conservative risk?

(5) Do you plan to buy and sell stocks or ETFs more than 5 times per week?
(6) Do you plan to buy a stock or ETF and hold it for long periods of time?

* Like I said earlier, I am a buy & hold investor. When I buy an ETF I plan on holding it until year 2035 to 2040.

[dhunter]

Originally Posted by nickwadden

i have no clue what you're talking about and if im wasting your time im sorry. Is the stock industry more complexed than i imagined?...

he's asking if you are a day trader or will you buy stock and hold onto it for an extended period of time

[NY Mane]

retirement planning tutorial

https://www.sharebuilder.com/sharebu..._LPRET002.aspx

[NY Mane]

Suggested Asset Allocation for your Retirement Account

Your Age
% of high growth investments
% of lower risk fixed investments

20 85% 15%
25 80% 20%
30 75% 25%
35 70% 30%
40 65% 35%
45 60% 40%
50 55% 45%
55 50% 50%
60 45% 55%
65 40% 60%

* Nick, you need to decide what you are comfortable with. The above chart is too conservative (in my opinion). I am 29 years-old and I have 100% stocks in my 401(k) and side investments. I am comfortable with the risk because I know the return can be high. Also, if my portfolio takes a 25% hit I am still comfortable with it. In fact, if I took a 25% hit I would want to invest more because prices are low.

20% small-cap
20% mid-cap
30% large-cap
25% emerging markets
05% real estate

[iggs111]

I also am a newbie at this, but I dont want to hold stocks or bonds for 20 years, I wanna trade now. Was thinking of starting with like 3 grand, anyone have any good suggestions.

[iggs111]

Originally Posted by nickwadden

i have no clue what you're talking about and if im wasting your time im sorry. Is the stock industry more complexed than i imagined?...

nice whos the ass in your avatar?

[NY Mane]

Originally Posted by iggs111

I also am a newbie at this, but I dont want to hold stocks or bonds for 20 years, I wanna trade now. Was thinking of starting with like 3 grand, anyone have any good suggestions.

Jimmy K or ryhenry or someone will need to speak up because I am not a day trader. They like TD Waterhouse for trading.

[NY Mane]

Iggs and Nick,

Just trying to help so don't take my posts as preaching. I work in the business/finance/tax field.

If you guys have high interest debt, pay them off first before you even think of investing. If you have no debt then max out your employer sponsored retirement plan. If the 401(k) is maxed out then you need to max out a Roth IRA (if you are eligible). After all of that then I would invest extra money through an online broker.

[iggs111]

I have no debt whatsoever.

[Romanowski]

scottrade without a doubt for heavy trading

[dhunter]

Originally Posted by Romanowski

scottrade without a doubt for heavy trading

I agree. Lowest fees out there.