donkeykong128 on 30 January 2008
| slacker164 said: If you’re seriously interested in the stock market, you’re going to have to do all the forms and stuff eventually, so you might as well get it over with. If you’re worried about the price going up while stuff is being processed, it might be worth going to see a broker in person, especially if you can find one affiliated with a firm that offers web trading so you can use that in the future. By going to see someone in person, you can get some of the paperwork stuff out of the way quicker, and more importantly, you may be able to lock in the current price while things are being processed if there’s anything that can’t be cleared in the office. Not all firms do it, but some will buy the stock for you and simply sell it to you at whatever price they bought it at after all the forms are cleared. Of course, if for some reason you’re ineligible to purchase the stock, they will sell it. And if the price has gone down, you are responsible for the difference (and if it went up, they keep the profit). |
I called a broker today and was shot down when i said i only wanted to spend a grand for now. He said with all the fees and exchange fees there was no point. wtf?
