(Jan 3, 2016 03:08 PM)DustDice Wrote:  I'm just curious, what do you think of noobie brokers like Robinhood? 1 cent fees and such, and how do they get away with such low fees? Also what are others similar to Robinhood?

(Mar 10, 2016 12:20 PM)Savage Matt Wrote:  Enron is undergoing some real life issues, but I'm sure if you ask somebody or myself can find and provide a good answer.

(Mar 11, 2016 11:54 AM)Purefication Wrote:  What u got to do with stocks 👹

(Aug 16, 2014 05:45 PM)FC Barcelona Wrote:  I have been investing for about a month and a half. I lost a lot of my portfolio at the end of july when stocks tanked. Although I am climbing back into it I feel like I could have avoided this If I was able to sell my stocks. So I have a few questions.

I invested 1000$ initially. I made about a 6% return in 20 days and was going to sell by 6% of $1000 is $60. I use scottrade. So its 7$ a trade and I bought 4 different stocks. So it cost me 28$ to buy them. Then If I want to sell It will cost me another 28$. That equals out to about 56$ in trade commissions I have to pay. Then the .5% principal and capital gains tax. My profit is only a few dollars at most.

So why do you suggest to invest 1000$ if commissions and taxes eat a hole in your pocket (even with a nice 6% gain in only 20 days)

What should I do about this commission stuff? Should I invest that 1000$ into maybe two stocks instead or even one? Because I like to keep my portfolio diverse with different sectors to keep risk lower.

Also, I think you should create a post on how to read charts and graphs of stocks. I've done a lot of reading about them and I think information about them would help every investor here make more money; or rather, help them know when to enter a stock or when they should notice the signs to get out of one.

Thank you!