ICStats on 29 January 2014
Also, depends on how much you have to invest. You need at least say $10,000, otherwise fees will eat out of any your gains.
Like, say you use a cheap online broker with $5 trades - so a buy & a sell costs $10.
- If you invest $100 you'll lose 10% just in fees. Don't do it.
- If you invest $1,000 you'll lose 1% just in fees. Not a great start.
- If you invest $10,000 you'll lose 0.1% in fees. More bearable as long as you don't trade too frequently.
My 8th gen collection
